Lending stock to short isn't the issue.
A bottom hasn't formed yet. 15C is another key support that really needs to hold! Historically the RSI was responding to the weekly 20+ measure and we are not there yet.
Unfortunately management was caught with issues of profitability at the least favorable time on the global macro issues. The last check a week or 2 ago suggest that BH were still attracted to the coupon rate and bid the price up to 8% yield at the time.
I don't put much faith in the next 3 months as we adjust to a new normal where consumer based could be forced to stop spending besides buying food necessities and make it at home to consume. I have never come across the panic buying and it isn't an Ozzie thing but GLOBAL.
Good luck to those holding and I have seen good companies destroyed by forces outside their immediate control.
Good News & Bad News, page-4947
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Last
$2.40 |
Change
-0.010(0.41%) |
Mkt cap ! $7.272B | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.48 | $2.32 | $42.16M | 17.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 265088 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.41 | 139875 | 69 |
View Market Depth
| Last trade - 14.08pm 09/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |