Haha typical, the insto's are about to change their tune regarding the amazon impact. Now that they have profited from shorting and scaring retail investors into selling. They can now reverse position and go long at lower prices whilst simultaneously releasing articles that the Amazon impact is overstated.
"A 110-page report by UBS, into the effect that Amazon will have in Australia, claims that organisations who are set to be impacted by their Australian arrival should look to the Canadian market where the US online retailer got off to a slow start, analysts also claim that some people have over reacted to the threat in Australia."
MYR Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held
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