Results next week i believe? That will decide the next move at this point, heavily shorted and not much expected from the results so a positive surprise could really make the shareprice hit it's straps. Having said a negative surprise can't be entirely ruled out, either way i picked up another few shares for my super fund at $2.80 today as i believe we should see a positive report.
Bernie has nominated himself to run a merged DJ's and Myer! To do this and suprise to the downside would just be foolish, not a reason in itself to invest in MYR but suggests that my research indicating good value at under $3.00 may be on the money.
Can be a dangerous game going against some serious short positions like in MYR at the moment but hopefully in this instance they will be toasted nicely.
Good luck all holders, MYR should make quite a nice investment over the next few years in my opinion.
MYR Price at posting:
$2.79 Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)