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54.5¢ slater & gordon limited

Thanks Ausbert. Thanks for clarifying.

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Gekkowolf

2,401 Posts.

241

03/11/16

20:50

Post #: 20355149
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Originally posted by Ausbert ↑

If you look at daily short graph, you may have noticed a sharp drop in the percentage of shorts ( 2%) on 31 March 2016 and then immediate jump to previous level of about 7%. The shares were trading in the mid 20 cents range during this time. This suggests to me that smarter early shorters have closed their positions when the price reached 20 cents range, but a new cohort of shorters have took a short position soon after. these new shorters are currently in deep red because they must have shorted in mid 20 cents believing the company would go bust. They never have had a chance to close their position since then. They must be waiting for an opportunity, but I do not believe that time would come.

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Thanks Ausbert. Thanks for clarifying.

SGH Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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