Super Group dropped another 3-4% on 15 May 2015. So i shout with GLEE, YES! Having bought at $2.95, why am i happy when it closed at $2.84 the next day? Shouldn’t i be a bit affected  if not emotional? Actually, i exaggerate and i am not happy but i am definitely not emotional and i stand ready to buy.
Firstly, looking at the number of short sellers,
15 May 2015 – Volume of  transacted shorts 630,685
14 May 2015 – Volume of transacted shorts 421,000
12 May 2015 – Volume of transacted shorts 90,000
09 May 2015 – Volume of transacted shorts 70,000
08 May 2015 – Volume of transacted shorts 173,000
It is obvious that this price plunge is due to people playing the market and not due to the long term fundamentals of the company.
Secondly, my partner- in -crime alerted me to a …