Chart Update, page-739

Hello invisible Saragian ,
Seems almost everyone left today’s announcement  party because the drinks weren’t up to scratch.
I am still here ...... only takes a teaspoon to knock me for six

Anyway I came out into the garden to post this chart of shorting activity in the gazebo.
I still don’t know how to understand it but my latest theory postulates the number in the red box in the chart was the number of extant shorts the other day .
If so it is a BIG number .
Whatever their quantum, I hope they go away soon but with the climate an’ all who knows how long it will be before we clear $1.95?

PS I got rattled last night when I read Magellan’s view on biases.
I didn’t like Hamish Douglass pointing the finger at me like that and I took a real umbrage when he pointed the finger at you
... “In fact there is an investment school of thought (called technical analysis, an amusing term in itself) that bases investing on charting share prices.
Unfortunately, where a share price has been in the past presents no information as to whether a stock is cheap or expensive.
We base our investment decisions on whether the share price is trading at a discount to our assessment of intrinsic value and we have no regard as to where the share price has been in the past.”....
https://www.magellangroup.com.au/insights/10-cognitive-biases-that-can-lead-to-investment-mistakes/

Then I realised that he was using information bias as propaganda to make people feel good about choosing Magellan.
Cheers