Schnitzel lover
Regular
Hey Slim, not seeing anything that would entice me to buy at the moment.People should know, that assuming the actual short "float" isn't reducing, these shorts will just be placed at a higher level.
It's possible that the reduced short float, due to ASX200 removal and the high probability of positive news flow, is also making it more attractive, for them to pull them and have "dry" shorts (because all shorters leak a bit..) and have them available, to sell into a rising share price.
Especially if it's a strong move.
Nothing they like better, than feeding over exuberant enthusiasm and then buying back in the pullback.
They gotta be careful with this one though
They aren't always as smart as they think they are..
View attachment 51390
Higher sell volume Breaking through MAs.
Were heading lower again or chopping in the 20-15c range short term..
Need one of those positive announcements ASAP to arrest the slide..
Maybe one of Chapmans IP deals will do.