BOQ price run-up, page-58

I think shorts are positioning themselves in the hope of a bad news in the next update coming in the next few months - don't think the update is goig to be all that bad (housing is recovering, coal in QLD is going ok, Australia is recording trade surpluses which should offset weakness in the short term) ... I would say next update will probably be mixed (some bad news, some good - div forecast to be possibly cut by a cent or two but probably not) but in 12 months time we should be ok. Australia is an export driven economy relying on three or so main resources (coal, iron ore and LNG) all of which are doing reasonably well - we've got a current acc surplus and trade surplus supporting moderate GDP growth. Thats on the macro side - this should support low unemployment to ride out the short term pain from the past housing falls, after that we should be swimming fine here in... just take a few more months.

I'm positive short will exploit the mixed next update TO THE MAX - SP might go close to $8, but if they do not close out there, they will probably be exposed once things get back to normal and BOQ restores the div. Shorts have a tendency to make any nws that is remotely unfavorable to make it look like the company is about to collapse when its not