re ASX short squeeze: do you have a time frame? Next week or next year?
Shorts have to cover eventually, unless the stock goes to zero. I think you are right, there will be a short squeeze.
But......... not now, probably not in 2011, and not till the stock gets down into the $1.50-$3.00 range. As your chart shows, the short interest is increasing. The shorts have been right all year, macro and industry news is bearish, so the shorts are getting more confident. As long as things keep going their way, they won't cover.
The chart: That January 2011 all-time high is strong resistance. The double top in 2001, is also the 2007 high. 5Yma (gold line) is support, 50dma (red line) is resistance. As those lines converge, something has to give, and the macro news (I'm guessing, and it is just a guess) says it's going to be the 5Yma which fails. Let's re-post this chart in a year, and both of us will learn something. Whether I'm right or wrong, is less important to me, than learning and improving my investing skills. Failure is the best teacher, and back-testing is the way to recognize failure.
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