Continuing on, StockTrack which I use because I like analysing the raw numbers hasn't updated the aggregate for 2 days or yesterdays shorts which they normally do by 12pm today. It happens.
However, Shortman is showing an updated aggregate for the 20th of Nov of 95m. A drop in aggregate shorts of 5.5m on Friday and Monday. The shorters shorted 200k on Wednesday which is an increase of the previous 3 days but not much in the scheme of things. The day before they only shorted 6109. What that does to the aggregate ie how many they bought back will be interesting.
Shorters are allergic to revenue in the short term (within 3 months) because they know what it will do to the SP. They need time to exit their positions in a orderly manner so as not to spook the market. So if they continue to unwind, it might be a leading indicator. I'm trying to think outside the box on how to circumnavigate the NDA's. The big end of town are supposed to work inside Chinese walls but the walls do leak.
Latest Reported Shorts (Daily)
| DATE | REPORTED SHORT | ISSUED SHARES | % SHORT |
|---|
| 22 November 2023 | 200,186 | 1,790,058,145 | 0.01% |
| 21 November 2023 | 6,109 | 1,790,058,145 | 0.00% |
| 20 November 2023 | 51,191 | 1,790,058,145 | 0.00% |
| 17 November 2023 | 37,000 | 1,790,058,145 | 0.00% |
Latest Reported Shorts (Aggregate)
| DATE | REPORTED SHORT | ISSUED SHARES | % SHORT | DAILY RANK |
|---|
| 16 November 2023 | 100,585,378 | 1,790,058,145 | 5.6191% | 27th 1 |
| 15 November 2023 | 101,740,887 | 1,790,058,145 | 5.6837% | 26th 1 |
| 14 November 2023 | 101,978,527 | 1,790,058,145 | 5.6969% | 27th 1 |
View attachment 50445
The "current" shorters lightening up their positions, can only mean one thing, which they would prefer not to be known, but it's as clear as mud.
I see it as confidence for a strong buy signal and a slowly appreciating share price (which are mutually inclusive).
This is without any news, just the anticipation of news and brightening horizons for BrainChip.
In other words, what has been a continually dwindling share price, is at an end.
At least that's what I think..
The outcome of whatever renegotiated LDA agreement, that we get (I don't believe there is time now, to fulfill the original obligation) could be the wrench in the works..
As LDA potentially has the upper hand, in any dealings..
Plus, we are still at the whims of general market conditions, brought on by World macroeconomic events..
But generally speaking, things are looking up
Not financial advice.
I recently increased my holdings substantially, but that's just me.
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