Someone is laughing though. If memory serves me correctly, the short sales are running at about three times the percentage rate from a few weeks ago. It is a wonder that we are allowed to short sell a share which is under re-construction as it is in such a vulnerable position. The buy side is the thinnest I have seen, hence easily manipulated.
I have no idea what the rationale of the ASX is for allowing short selling during this compromising period, but my feeling is that this is the main reason for the falls.
BLY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
