Well How About June 15th ---- Last Day to Cover Shorts?Lurk & Learns:
"Big" whipsaw this morning, from Up 9c in the first 30 mins then WHAM!!!! down to to flat.
Who would have made that guess after the (monster??) PR?
Could even someone from Legacy days who have fallen on hard times and can't wait for the news blitz expected in the upcoming H2?
Anyway, based on a recent observation, between the market open and 10AM (Big Smoke) time; swing traders have an opportunity to become a "swinger" before the geniuses (anonymous et al) let us know "who is in control". As I have been informed that at less than 1mln shorts....covering is not expected to play a part in the trading pattern.
We shall see the story in a couple of days....stay tuned
Cheers
Stanley