FactorThis; did you read my post above on 22/03/10? I outlined...

FactorThis; did you read my post above on 22/03/10? I outlined this scenario happening, $3.00 has always been strong support and resistance for Lihir, and now IMO is the big test - whether it holds. A break from here and down to $2.80 rather easily, a bounce and it would most likely confirm the up-trend is intact and $3.30 is on its way (not without some hiccups on the way) - just beware the volume on Lihir is always strong and fighting the trend is often dangerous.

Shorting on this stock was at 20.55% of total turnover yesterday, but if you want to compare BHP (47%), RIO (38%), CBA (17%), NAB (16%), TLS (25%) - it's actually under average. So again, the shorts are nothing out of the ordinary. I will say it again, but if people expect Lihir to rise on rumours that DO NOT eventuate, and then expect the price to continue to rise, they should be a little more realistic. Shorting is not the problem here, it's rumours and mis-information given by numerous organisations/people.