Chart Update, page-641

Good morning my esteemed colleague, Mr Jacko the First.
I hope you are well.
And yes indeed ...

So are these traders ‘helpers’?
Or are they in fact ‘elves’?
And, having exploited every opportunity to furl the sails of the good ship, NWH, and set the course for ‘drift’, have these ‘helves’ (for yes they are one and the sane) scented change in the air?
Are they now pulling up their socks and hauling in their shorts, readying the crew for arbitrage in the near future?

Yes.
I think they ARE getting set for a jump in price :
We haven’t been merely drifting in an ocean of PEA*, the short sellers have been wallowing in it due to wider market conditions such as a veritable soup of regurgitated presidential propaganda and the fact that a long long time ago a baby powder manufacturer may have bought its talc from the blue sky mining company...although it says it didn’t.
(*Post Earnings Announcement Drift is my newly acquired economic expression)

Gross shorts have probably comprised about 48% of daily volume since December 4.
Last week there was a shift in the dynamic and short positions were closed after market which is a significantly less profitable way for them to trade according to the abstract here https://www.sciencedirect.com/science/article/pii/S0148619512000422.

Therefore the helves are in a hurry?
Therefore they might know something?
Therefore there might be a Christmas jump in share price?

Xmas greetings to you jacko with a special ‘X’ for fingers crossed



Journal of Economics and Business
Volume 64, Issue 6, November–December 2012, Pages 439-451

Short selling after hours
Author links open overlay panelDallin M.AlldredgeaBenjamin M.BlaubTyler J.Broughb

https://doi.org/10.1016/j.jeconbus.2012.07.001Get rights and content

Abstract
Diether, Lee, and Werner (2009) show that, in general, short sellers are contrarian in both contemporaneous and past returns and able to impressively predict future returns. This study examines these trading characteristics during both the trading day and the after-hours period. Interestingly, we find short sellers are less contrarian during the after-hours period. However, the return predictability contained in short sales is nearly five times less during after-hours trading than during regular trading hours. These results indicate that higher levels of information asymmetry and price discovery during the after-hours period (Barclay and Hendershott, 2003, Barclay and Hendershott, 2004) are not driven by the trading of after-hour short sellers.

Highlights
► We compare the information in short sales during trading hoursand non-trading hours. ► Short Sellers are more contrarian during normal trading hours than during after hours. ► The return predictability in short sales is greater during normal trading hours. ► There is less information in short sales during the after-hours period.