krugerrands
Regular
The problem is, all the "reported" figures need to be taken with, not only a grain of salt, but a generous shaking of the container..
But we need some kind of gauge..
They know we monitor the figures and if any psychological edge, can be attained by skewing them, would they?
They need only "report", "not report" or report fictional figures, as they see fit.
Who's going to stop them?
The Australian Securities and Investments Commission (ASIC)?
That bunch of gutless, hand under the table, pen pushers?
As long as some are doing the right thing and reporting their stupid bets against us, which is evidenced by the overall "strengthening" short position, I'm happy![]()
Haha.... yes, a generous helping indeed.
The net position is the best gauge we have unfortunately.
Mostly unrelated but opening and closing prices is to me a somewhat arbitrary indicator that doesn't deserve the attention it receives.
Just like PE ratio's which is a trailing indicator based on accounting figures and the share price.... cyclical reference much?
It should all be about forward looking revenue potential.... I digress.
VWAP prices is more relevant and usefull and much harder to manipulate.
For example.
On the 4th we where on ~113M net shorts.
Last time we were on ~113M net shorts was 19/09.
Somewhere inbetween the shorts rised to ~117m.
The highest price it could have been sold for was 93c and the lowest cover 82c.
But the VWAP price would not be at the high / low and would be closer to the actual buy / sell prices achieved.
Date | Reported Short | High Price | Low Price | Closing Price | Trading Volume |
04/10/2022 | 113,784,258 | 0.90 | 0.86 | 0.89 | 8,002,430 |
19/09/2022 | 112,708,576 | 0.93 | 0.88 | 0.88 | 9,100,937 |
The juice doesn't seem worth the squeeze.
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