CIY 0.00% 3.6¢ city pacific limited

ciy bottomed out and shorters sorted...

  1. 43 Posts.
    Whaddya reckon? After the relatively large volumes yesterday and all of the negative news and scare tactics, CIY, to me, has held out pretty well...some positive buying today...and no fear of a massive margin call...must be putting paid to the shorters' tactics...it didn't take much buying sentiment to ping the price swiftly upto 2.55...shorting does require a strong conviction that a price will tank south...these fellas have to cover their position (and butt) at some stage...I wonder what milken$/smartie/itsnotgambling/mr west's position is...?
 
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