SHJ 0.63% 80.5¢ shine justice ltd

Top 20 shareholders, page-376

  1. 1,640 Posts.
    Team...... alarm bells ... well remember Wednesday i flagged 800K shorts traded....

    Well guess what the aggregate figures are in and they were added not closed ....almost 1.6Million shorts added in one month up to 16th March and since then it looks like another .5Million added. All in the 60-80c range, which we are thinking is bargain territory


    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
    0 Mon 21st Mar, 2016 154,866 173,161,812 0.08% 1,263,771 12.25%
    1 Fri 18th Mar, 2016 299,421 173,161,812 0.17% 1,923,952 15.56%
    2 Thu 17th Mar, 2016 35,205 173,161,812 0.02% 463,838 7.59%
    3 Wed 16th Mar, 2016 865,384 173,161,812 0.50% 2,180,257 39.69%

    http://www.shortman.com.au/stock?q=shj

    Have a look at the chart for this month ...this is extremely worrying..... it looks like the "third party platform" Sells showing on accaerics broker reports are short sales ? Third party platform is run by Bell Potter , for institutions or private clients

    Shorts could have a substantial impact on the short term value of the SP..as we know it is a tightly held register and price can be highly sensitive.

    But why are they so heavily adding?

    Im not downramping but i want to get this onto a thread to see if anyone knows?
 
watchlist Created with Sketch. Add SHJ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.