Here is my latest chart of shorting numbers for recent events against the close SP. We see a reasonable short squeeze since DW has gone on the front foot. The rot set in on the 14th with the 2 million dollar month announcement. Then some serious volumes to close positions until the 20th. I short hiatus on the 21st then another body blow announcement of European sales and a big drop in shorts mirrored by the SP jump. The question for me now is, have the shorters come back into the fray as the SP levels out or is this a genuine drop in buyer enthusiasm? I am inclined to believe the shorting has renewed the pressure to avoid an all out rout, but this company is not one to be underestimated. So to our short selling PNV punters please be warned.
All this is my own conjecture and not advice. Make of it what you will. GLTA
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