Clinuvel

killipso35

Well-known member
@macgyver Congratulations mate and thanks for being such a positive contributor to this forum, you have kept me sane during the darker moments. Melbourne has good coffee but NZ is one of the few paradises left on this battered earth. You should follow your heart. I'm sure you can still post to this forum from your luxury hideaway using Starlink.
 

FarmaZutical

Well-known member
With the soaring share price, I see two possible explanations for the shorter(s) to not exit and just take the hit:

1) They believe that the share price will tank considerably at some point or they will actively try to manipulate it.

2) They are absolutely freaking insane.

What am I missing?
 

K-dt147

Well-known member
Congratulations @macgyver. For your dedication and efforts in this forum and the one before, this is the deserved reward. Also to all the others who put their time into this pearl, congrats.
But we are not there yet. The short ratio has risen again. This could be a temporary effect, because on 17 September was the expiration day. I remember a single order over 40k in late trading. We will probably have clarity tomorrow. Should it have been another attempt to sink the pearl, then it is clear today at the latest that this also failed.
 

Verharven

Well-known member
God bless the shorters especially when they actually increased by 0.13 percentage points to 3.90% for last Friday's trading where the SP opened at $40.09, dipped to $39.59 and closed on a high of $41.71 (after touching $42) all on a volume of 447k. They're so toast.
 

Sherlock

Well-known member
@KRD But aren’t these people supposed to be professionals? I don’t get it.
They are in the risk taking business. You loose some, you win some. They are now taking a hit, but they made buckets of money previously. And shorters are trading short; days, if not intraday. So, you can borrow a few and sell at 42$, and two hours later cover them by buying back at 41.8$. Same trick they did at 10$, 20$, 30$ and now 40$. Frankly, shorters are the least of my worries. They have balls of steel, but part of the game.
As I said before, biggest SP mover is caused by announcements and results. Shorters are ripples in the pond.
 

CUV Quote (Yesterday's close)

Time: 4:10PM AEDT
Price: 39.19
Volume: 69444
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