RE: Where do the shorts go from here ? Personal view15 Sep 2022 12:38
That's a great average to have. I would be feeling a lot better if mine was that low.
Shorts. I agree there cannot be much more they can squeeze out at this level. The risk/reward must be skewed downwards for them now. Only question for me is will they cover at these low levels, switch to long, let it rise a bit, then switch back to short again. We saw when the takeover was ongoing how these people are playing both sides of the trade. The issues with the float haven't gone away so they can easily do this.