I thumbed it down, no doubt we where manipulated down to the .10's but imo we have finally broken out of that manipulation & are be rerated, the selling is nothing more then stale bulls happy to exit at a half decent price after a year of hell, if summit where short selling we wouldnt be trading anywere near .17, the run up to .17 is almost identical to when we first ran to .27 imo, unlike other stocks when SIH moves up the stock is accumulated & barely traded back out, as you can see by the new holder in the top20, if management wanted to screw us over they had months of opportunity to place up to 15% of stock around .10, currently we are trading at .17 so the fear of a cheap placement is dissapearing & management may just surprise us with a half decent placement price, imo next placement will likely be between .15-.20 im hopeing closer to .20, as for summits change of holding may be to do with the upcoming placment, transfer the stock to another account so they can take up more stock in the upcoming placement but thats just me thinking outloud.
You can follow the short sales list here: http://www.asx.com.au/data/shortsell.txt the most you see SIH shorted is up to about 50,000 shares a day which is not significant enough to control the sp
SIH Price at posting:
16.9¢ Sentiment: Buy Disclosure: Held
