Elliot5, perhaps we should ask the recent SXY shorters "Why Sell?" because it was they who last week went on a shorters' picnic, especially on the previous two ASX trading days, Wed & Thur, where big %s of our volume were shorted.
SENEX ENERGY LIMITED ORDINARY (SXY)
Most Recent Short Sales
Poor poor Shorters!
I really feel for them, they sold on Wed 28th around 38 or 37c and had to buy back those 1,447,627 shares they sold by today at a minimum 40c since only a hatful traded at 39.5c.
At least those poor Shorters who short-sold 1,308,088 shares on Thur' 29th, for an average 39c, have until tomorrow to buy them back at a lower price.
I'll probably be barracking for them tomorrow to pick some up cheap, as today looks unlikely. Or Not!!
SXY Price at posting:
41.5¢ Sentiment: None Disclosure: Held