BBG 0.00% $1.05 billabong international limited

billabong looks over bought. sell time?, page-5

  1. 89 Posts.
    I have shorted at $7.71 today.. will be keeping a tight stop loss on it though.. It is almost incredible how it has gone this high. Lots of buying off the fence. Definately someone driving the price up. I mean they had a downward revision of earnings. I know that "Ethical" gets a bit enthusiastic on his trades, but he usually calls them pretty well.

    Anyone have any idea who has been running this one up on light volumes and XTs? Its not as though a 12c dividend would do it?

    Remembr though, we have seen BBG pumped high before only to drift 50c or more south.

    I really cant see it going much further north in the short term.

    I am short as of this morning!
 
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