Now that there are more evidence from China, India, Poland, Germany, US ... that global economy is "at the brink" of recovery & metal & oil continue to climb I reckon some smart shorters might be covering their shorts.
I am hoping for BLY to release some positive updates in regards to drill rig utilisation, debt paid down a bit, and positive progress on refinancing. When that happens those shorters who refused to cover their shorts now will have to scramble to cover at much higher prices. I'd love to see that happens soon.
BLY Price at posting:
11.3¢ Sentiment: LT Buy Disclosure: Held