BAL profit upgrade to come, page-81

BAL now the 7th most shorted stock on the ASX with a whopping 8.84% of shares shorted as of last Wednesday. This will now be over 9% looking at the previous 2 day's shorting activity. The market obviously thinks BAL is going to tank.

The share price will tread water as long as the shorters hang around. The good thing is that any announcement to the upside and a good forecast in the FY report will see a lot of shorters squeezed.

Let's hope they haven't closed out their positions at the time of such an announcement.