Guys I'm trying to understand what happened today....
Does the market BUY every single rumour whether good or bad, positive or negative? And then sell when it happens?
My take there was people that had shorts (Poly - Hahah) on SNH at 2.54 (or there about) as the share started to jump from the 14th Sept from 2.41 to the 2.54 at close they had to take cover buy buying long positions that is what made the share jump to the 2.90 now as people start taking profit the people that bought the longs to cover the short positions have to sell. It should stabilise again from here. The only hope we have of SNH to go up is if big investors start moping up shares and not to sell them so every time there is less shares available then a mother of short squeezes will take place and eventually speculator will leave the share alone. My hope!!!
