The 40 odd million shorts probably looking to start covering. Just 15 trading days until the AGM, wouldn't wanna be short heading into that.
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Seen the amount of ATM shorted? Over 5% of the issued capital.
Going to have to be some aggressive short covering if markets turn even slightly positive!
The last time >5% of ATM shorted was in Feb 2017 and the shorters were burnt something horrible as ATM as the sp doubled and doubled again before they covered their shorts!
Now it’s roaring on the ASX
9 news did a good coverage today of the IF frenzy going on, focused on A2:
https://www.9news.com.au/national/20...g-for-formula#
Spot the squeeze (1 minute chart today)? Smell of burning shorts in the air. Lol. Cool to have some levity after an otherwise rather disappointing few weeks coinciding with the globals getting the jitters. Anyway, there's been some cracker buying opportunities imho and notwithstanding a further rout on the big bourses tonight, we might see ATM playing catch up tomorrow. Would be nice to see A2M continue the rush.
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