Chart Update, page-588

Hi Josh
Congratulations on your 25% up
(Nice bottle of wine this evening?)
..and I like it too.
Not because I want the price to fly much higher ..I also like us being undervalued rather than overvalued in such a tense market .
More because it reassures agzinst the backdrop of the dreadful sector no matter where price goes from here.
I want my investment here to be bombproof.
I was probably being naive thinking “we’re all friends in this together” though, according to what Monadelphous said in its report about customers wanting cheaper prices .

As to short covering today, here’s the short sales statistics .
They seem to be linked to volume and mostly hovering around 30% of sales average?
Volume of six million must surely have sucked them all up?

And I agree, it was a warning of super profit today ( nice word play ) and our previous doldrums did seem to be based on uncertainty .
...Despite my Nervous Nancies I can certainly live with the price flexing it’s muscles and leaping the linear regression line tomorrow
Cheers