Shorters... Good luck!, page-764

I would have thought that the best prices to start the short covering would have been in the 2.50’s range, and was expecting to see a larger percentage of them starting to cover there? Maybe the shorters were aiming for even lower prices. It looks to me as though recent announcements may have somewhat hindered them in their shorting efforts. Anyway, this will be an interesting exercise, to see how this high percentage of shorting continues to unravel, and what effect it will have on our SP over the short-medium term.

GL to Galaxy/POSCO if the POSCO meeting is held today.