Re; "...I would have thought that the greater risk for shorting funds now must be to stay short. I cannot see BHP getting below $35 - $36 ..."
IMO there are risks both ways - long & short. IMO media reports alleging global targeting of BHP for shorting reflects efforts to smash share prices world-wide & I acknowledge their succes in that regard. I guess the logic is that if you can smash biggies like BHP nothing is safe & prices will collapse even further.
My SMSF is still about 60% cash so that I will be happy to buy more BHP if it falls below $36 - I buy another parcel of BHP when it falls $1 below my last purchase, selling about 20% of my holdings when a 15% profit is realised!
I do feel for those facing margin loans & those fully invested atm though.
4YIO - NFA
BHP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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