Macq has been shorting the shares, "on Loan" and also buying so they hover around 5% and now are stuck in no mans land buying and selling likely to themselves & their own clients, some losing others gaining.
CBA we know has been buying sub$2 and selling over $2.80 so when they start selling again it will be a bad sign but Macq needs to start going long and buying more than selling/shorting.
Macq is the main short seller of WSA looks like. Typical as they were the ones promoting buying WSA at $4-$5 years ago so they are trading WSA shares up and down the wheel now and making a mint looks like as they would stop doing it if they were losing money on it. Maybe they are now and will go long again? But I think they will trade how the wind blows and their client millionaires will trade with or against them either way they make commission and margin loan interest so its a win win for them anyway.
Once Macq starts burning their dough in losing short trades they will turn long and tell all their clients to BUY WSA, im sure, then we may see a sustained rally back to their target sell range like before.
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