Supermax SHORTies die on Friday the 13th!

   Short-sellers in glove stocks in general can't seem to catch a break, as they are bludgeoned for most of the last fortnight : if they didn't buy back their sold shares within a day at the very latest, they were likely forced to cover back with losses, especially since Dec the 6th! The short-covering desperation was very palpable especially after 4pm with a massive 121 buy transactions in a row that took out well over 2 million shares queuing to sell at $1.09, as well eventually as all of the 2.5 million at $1.10.

  Outstanding shorted shares shrank from several million to less than 100k as of yesterday, but doubtless there were many intra-day shorts who likely tried to capitalize on what they figured was a probable Friday drop that has been almost become customary for the local market overall for months now. 

   Fitting redemption for me, the owner of over 30,000 shares averaged down into the high $1.10 range, with the paper loss on that investment narrowing significantly in December!!!👍👍👍