MYR 2.47% 83.0¢ myer holdings limited

Ann: COVID-19 Business Update, page-48

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  1. 307 Posts.
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    The 'chook' message above? Rubbish....any online sales are probably not forward sales, and there is plenty of pent up demand. Profit taking this week? Nope, more short covering to be done as the shorters panic buy to limit their loses. Check 'shortman.com.au' - myr still 14% short sold but with 4 day lag on new data I am expecting this to be down closer to 10% assuming most of fridays 40m shares was short covering. If new shortman data still shows 14% short, then hold on...its going to spike up fast or the shorters will suffer big potential loses.
 
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