Shorts gig may be over. why?, page-86

SGH gets kicked out of the ASX/S&P 100 index next Friday (18 Dec) , close of business. It is not a widely used benchmark for index funds so forced selling on 18 should be limited, but there maybe a few large active managed o/s funds that need liquidity that used it, but you would think they are largely out by now , the index change was announced COB 3 Dec , SGH share price was $1.20 then. So lets assume 20% of downside from 3 Dec maybe due to index exclusion.
Obviously losing large O/S shareholders is a negative big picture, but a cessation of their selling would be a near term positive.

Price action at the moment reminds me of when we traded at 0.70 cents everytime it dipped below 0.7 cents sized bids turned up. Feels the same way now at $1.00, everytime we go $1.00 offered the buying turns up from off screen.


GL