I still think JBH has a lot lower to go. Would be VERY surprised if it sees $22 again in near future. It may be a good short. Also WOW (I have 5000 short in green) the competition is really fierce. Basically when we shop at WOW we get discount 15% 5% using their prepaid card (incl petrol) plus 10% when they have weekend specials like this weekend. Spend $100 get $10 back. Similar Coles (WES) this sort of discounting has to hurt. This was NOT happening last year the petrol story is cutting their profits. Will short WEs tomorrow I think. CSL in my opinion is a VERY SAFE short it has fluctuated $67 to $72 for about 6 months in spite of HEAVY buy back. My suggestions for shorting if you think the market is going down. HVN also weak I have 20 000 shorts still. The budget is causing a drop in consumer confidence.
