just had another look at reported short sales on the beach...latest list from last friday...again there's been very few short sales, usually significantly under 1% of total turnover on the beach over last week trading....what should tell that to us beachcombers??..nobody in his right mind even the doomsday sayers and severely depression focused keenest shorters would go in shorts at the beach at current sp...so i'd say 99% of last week's turnover has been smart accumulation e.g. the DB bot and sellers only rather desperately needing funds and/or take profits....so i expect at 77c we've seen the latest low on the beach and sp should start climbing rather sooner than later once the momentum traders and holders are well and truly gone....cheers, anywhichway...future rather long than short on beach sp...:-)unless the stars and the sun explode all of a sudden and it's the end of all life as we know it...:-)
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