Yeah i was just reviewing the latest ASIC report. Total shorts...

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DeltaHedge

198 Posts.

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10/05/17

13:42

Post #: 24596973
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Originally posted by bug1 ↑

Delta, yea fair point, as we now know the whole sector was overvalued, and maybe there is some truth to the criticism that management have been out of their depth for some time, and that wasn't fully factored into the sp.

A lot might wait for full year results before reconsidering their position so they look for more skeletons left by management, but if there is a takeover offer then management concerns will go away as there will likely be changes.

Earnings downgrade are a big deal, and management aren't doing everything right, but at the same time, i can accept that they are doing a harder job than most companies, and there is a lot going right as well. I guess the question is can we accept some mistakes from management as the price of holding a such a fast growing business.

I mentioned before decreasing shorts as a sign we are at the bottom (from sentiment pov), second day of net shorts since the downgrade and net shorts dropped from 15% to 12.94%
http://www.shortman.com.au/stock?q=voc

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Yeah i was just reviewing the latest ASIC report. Total shorts did drop off last Thursday, could be the start of a reversal. These reports are 4 days delayed so with the volume of trading more could come through in the next few reports. It is annoying that's its delayed, would be great if it was only delayed by 1 day.

Last edited by DeltaHedge: 10/05/17

VOC Price at posting: $2.55 Sentiment: Hold Disclosure: Not Held
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