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  1. #12031
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    Quote Originally Posted by Sideshow Bob View Post
    I prefer that as well. I reckon a few shorters wil be experiencing a bad case of the sh1ts at the moment.

  2. #12032
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    Great finish on the ASX with a nice big order still standing........ until tomorrow

  3. #12033
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    Quote Originally Posted by Ggcc View Post
    Great finish on the ASX with a nice big order still standing........ until tomorrow
    YEH best close for 7 & 1/2 months !

  4. #12034
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    Tue 15th Jan, 2019 619,397 733,297,297 0.08% 5,595,616 11.07%

    From short man...

    Heavy short covering on Tuesday or should I say “panic buying” !

  5. #12035
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    Quote Originally Posted by carrom74 View Post
    Tue 15th Jan, 2019 619,397 733,297,297 0.08% 5,595,616 11.07%

    From short man...

    Heavy short covering on Tuesday or should I say “panic buying” !
    Shortman's shorting activity includes shorts being covered and new shorts being initiated. 11% of the volume on Tuesday is considered low for this stock, so I suspect there wasn't much covering done on Tuesday. Even if all that short activity was covering it would only account for 620K shares.

    Then take into account yesterdays 3.5M shares traded of which 31% was short activity. For arguments sake even if every single one of those trades were covers, that would account for around 1.1M shares still leaving a gigantic 45M+ open shorts

    I've never really understood why this stock was has been so heavily shorted, the stock was outstanding value at less than $10NZD but yet the shorting has been relentless. ATM is currently 60% of my portfolio so I would like to look at taking some profit but will wait and see how much more legs this has. The squeeze could propel this much higher, irrational volatility works both ways...

  6. #12036
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    When would all these 45 million+ shorts have to be paid back by?

  7. #12037
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    Quote Originally Posted by Ggcc View Post
    When would all these 45 million+ shorts have to be paid back by?
    At various time frames.PS-Not sure it will only be the shorters getting a wee burn for those buying high once this has a pull back and it always does.

  8. #12038
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    Quote Originally Posted by couta1 View Post
    At various time frames.PS-Not sure it will only be the shorters getting a wee burn for those buying high once this has a pull back and it always does.
    Thats the nature of this volatile stock. Hope the lows will be higher and the trend remains upwards.

  9. #12039
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    Have half-pie been expecting a pull-back or at least a pause for breath after the stellar run of the last week or so. But up to $12.60 on the NZX.

    Main event starting at 12pm should be interesting once again......

  10. #12040
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    The large ASX order still stands for now. I think we shall see a large jump in sp if that order remains and then a pull back this afternoon. The rises have been big for the last three to four days and it needs a break. Of course I don’t mind if it keeps going up.

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