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Alias Born | 03/11/2013 |
Tuesday, September 12, 2017 3:27:22 AM
No they are not a fashion item..........
Date Close High Low Volume Short % of Vol
Volume Shorted
Sep-06 NA NA NA 24,870 3,000 12.06%
Sep-05 NA NA NA 243,272 10,000 4.11%
Aug-30 NA NA NA 42,788 18,684 43.67%
Aug-29 NA NA NA 102,240 6,140 6.01%
Aug-28 NA NA NA 5,900 5,900 100.00%
Aug-25 NA NA NA 41,650 19,000 45.62%
Aug-24 NA NA NA 63,124 14,500 22.97%
Aug-17 NA NA NA 267,300 57,800 21.62%
Aug-16 NA NA NA 26,600 20,600 77.44%
Aug-14 NA NA NA 181,922 75,585 41.55%
This are the figures from the past few weeks. Apologies if it doesn't format properly. The webpage is here if you want to bookmark it for future reference.
For anyone unaware of what "Short Selling" is here is a bit of a guide. Basically you sell something you have borrowed or don't own in the hope it will go down in price so you can buy replacements then return them to the owner, or pick up some cheaper to supply to the person you have sold it to at a higher price.
It all goes well if the price goes down as you can make a profit when you replace it for less than you sold it for. The problem is if you borrow it at five cents then it goes up to ten cents you make a loss. In theory the potential loss is unlimited as you can borrow it at five cents to sell and then it goes through the roof due to good news.
Much the same as betting on a horse to lose. It helps if the shorter can drive down the price somehow as this has the effect of nobbling the horse before the race. Ways to do this would include false statements about a company, it's management or staff, spurious statements about it's products or inaccurate comparisons to other supposedly similar products. Basically just trying anything to make the company look worse than it really is. That is why it is always good not just to do your due diligence on the company, but also on the people that are trying to sell it to you or put you off it.
I post here as I own a substantial amount of shares in the Company and will probably be getting more. My payday is when we sign a contract and the shares go up (Yes, I've been waiting a while). My posts are generally positive. If someone is talking the company down and it seems like they are almost working towards a negative image, chances are that it is the case as it is in their interests to drive the price down.
Do your own due diligence, on the company and the people talking it up or down too.
OBP
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