One thing that has helped us is that we are a high profile share talked about on the boards and traded regularly. If we weren’t, this number would be higher and therefore much more risky. Contrary to some beliefs, shorters don’t want risk, they are looking for volatility with volume and we certainly provide them this. As a result, if they get a position wrong, there is a pretty good chance they can close out their position to try again down the track. If they bet wrong and feel there is an upward trend, some will buy low and sell high – not a bad idea if you ask me.
On the swing, they will again sell short again. Keep in mind that there is more money to be made on the short side because the positions are levered in the USA. Look this up yourself if you are interested, the spoon isn’t big enough here.
The next interesting top 50 is the SHORTS AS A % OF FLOAT. The bad news is that we don’t make it in the top 50, the good news is that we don’t want to be there. If you have a look at the list below none of the big boys are on this list. The conclusion is that we are not considered as huge a risk that some may believe or have us believe.
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One thing that has helped us is that we are a high profile share...
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