Push down towards the end of the day..
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They are taking more shorts out every day and they would be around 15 to 25% of the daily traded volume (at a guess).
They have over committed, in my opinion and they are too far in, with too little volume on the up (without pushing the share price
a lot higher) to back out now.
So they are basically throwing everything they can, to try and get volume at lower prices.
Borrowing more shares every day..
My gut feeling, tells me they are extremely desperate.
There's only 4 business days, until the end of the financial year and a new one begins.
So any tax selling, that's been helping them, will finish.
Really, the only thing on their side, is the rocky markets, but even that, is not providing them, with the volume they
need.
The majority of large holdings, are very tightly held.
They are trying to get the volume from scraps..
Friday's as good a day as any, for a major announcement and then.. Well.. Don't stand too close..
Just my views only.