Hi DB...........my thoughts also! Including all Shorts since Fridays 11.3 Mil the total is 18.4 million SHORTs they have acquired. Looking at the ASX data for Monday 20th June its getting hard to define if they have "closed or covered" their Shorts or its that extra large Short (50 Million) taken out after the AGM around Thursday /Friday (26/27 May) (sorry I cannot confirm, I do not have any data for these 2 days).
Below is a JPEG showing the 25 May Total of 38.4 Mil /29.7 Covered position and then on Tuesday 31 May it has jumped up significantly to
88.1 Mil Total / 61.1 Mil Covered numbers. Somewhere between the AGM and Tuesday 31st May another 50 Million Shorts got added !
Now after all the Shorts added since last Friday 17 June, Monday 20th & Tuesday 21st June its hard to follow whats been closed or not.
The Bottom JPEG shows the Monday 20th June Shorts. Note the Total has gone up but Covered has actually dropped. Anyones guess which lot has been "Covered/Closed".
Of note is that I believe the 50 Million Shorts taken out AFTER the AGM were done by a Major Insto and not our local "favorite" Bandits.
SP since Friday suggests that they have not been closed out probably UNLESS.........they have got nervous and bought back at a "higher" SP making them a loosing trade.
The repeated Shorts taken out on Monday 3.3 Mil and Tuesday 3.8 Mil suggest strongly they have been trying desperately to drive the price down with more Shorts to get all the trades in the money without much success!
Will they continue? How much can you keep throwing at a loosing position?
One other tactic that could be played is this. You do not have to "Sell" immediately the Shorts {borrowed stock) so its possible to hold onto them in this situation (SP WON"T GO DOWN - HELP) and wait for a very high top out perhaps after an Announcement then Sell @top and replace/close trades after a significant drop back down. No telling how long you might have to wait though. Possibly what those 50 mil (Shorts) is destined for.
Yak52
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Yak52
“ Thursday /Friday (26/27 May) (sorry I cannot confirm, I do not have any data for these 2 days). “
Yak , missing info below
26 May 85,730,073 Gross / 68,197,586 Net 3.98%
27 May 93,137,091 Gross / 68,690,167 Net 4.01%
30 May 85,943,406 Gross / 58,786,482 Net 3.43%
PS , the data you have on the 25 May is the loaned information and not the borrowed / 57,504,661 G / 48,803,692 N 2.85%
Doz