Not really!Just didn't want to argue about your interpretation...

Not really!
Just didn't want to argue about your interpretation of the chart.

If I wanted too, I'd point out that:

In the last 12 months:
KDR was pilled on by shorts when it had tenement court case, it's SP sunk to 70% of the highs.
When that resolved, shorts covered and SP recovered.
Completely out of sink with GXY...
PLS shorts were covering in August last year, while GXY was adding shorts, completely opposite.

over the last 12 months, PLS and KDR shorts were fluctuating up and down as company specific developments happened while GXY shorts were comparably very stable, at 15% or so...

Right now GXY SP is down 60% of the top, with double the shorts over PLS that's down about 40% of the top...

So no, the chart doesn't support your theory at all. Part of it is due to sentiment but part company specific..

In any case I was asking generally speaking: what exactly are you trying to prove? It just seems you're arguing for the sake of the argument.

Even if we say what you're saying is correct, it doesn't make any difference to what I was saying.
Whether shorts are opening position because of the general sentiment or because of upcoming project, is irrelevant to what I was talking about.

Cheers

p.s. I'm happy to admit I'm wrong when I actually do make a mistake