ESG 0.00% 86.5¢ eastern star gas limited

sometimes i don't get the market, page-5

  1. 179 Posts.
    http://www.asx.com.au/data/shortsell.txt

    25% of yesterdays volume was sold short, this stock has been prone to it before and the squeeze that occurred after the last time is currently being reversed, The whole CSG sector has been a target of the hedge funds in the past and it appears the trade is back on.

    In my view STO don't buy 20% of a company for fun, SP weakness in ESG represents an opportunity ahead of the imminent reserves upgrade that triggers a sound base for STO directors to pitch a takeover from.
 
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