yongts
2022-09-20

$JIUTIAN CHEMICAL GROUP LIMITED(C8R.SI)$can everyone hold this stock longer? yesterday(19th) the short position is roughly 40% of the daily volume.today strongly short seller pushing it down again.Tomorrow they have to cover their yesterday(19th) position.so if tomorrow cannot find sellers they have to buy higher to cover unless they short again.which result in bigger position and paying higher cost( interest & other cost).In longer term they cannot hold and have to buy at any price. It is call a short squeeze.  Can we gang up & punish this opportunistic group of investors call short sellers?. 

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Comments

  • WyWy_Space
    2022-09-21
    WyWy_Space
    This is one company that is actually make $$$ just not well known as it is not the trendy sector..
    • yongts: 
      it was also reported one of his main competitors in china closed down. so by right it should be good news to jutien but the whole economy is bad. overall i think jutien should do better instead of share price going down. short position gone up on 19thsept22
  • WyWy_Space
    2022-09-21
    WyWy_Space
    What is a good entry point? Any opinion?
    • yongts: 
      looking at the chart it should be around 0.82. but i do not know how strong the short seller are. They can push it further due to overall sentiment of the market is no good. just monitor and see the momentum.
  • hh488
    2022-09-21
    hh488
    Hope they get squeezed.
    • yongts: 
      yes. see how long they can hold. singapore brokerage are kiasoo type so they will force them to buy back soon. today and tomorrow.
  • Ackw
    2022-09-21
    Ackw
    K
  • Tiger Wong
    2022-09-21
    Tiger Wong
    Good
  • boonk
    2022-09-21
    boonk
    Ok
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