Yep- you notice that the 3 stooges are not around today- MIA! They’ve Been trying hard to hold the price- but in the end their own ‘shorting’ friends are their enemy- the old ‘who blinks first!’
The smart ones closed their short at low 60s, Dumb & Dumber still holding are hoping to push it lower- but their own mates are caving in…. CLASSIC SHORT SQUEEZE!!!!
On the ASX, it’ll take 14 days normal trading days for Bet shorters to close out their shorts- that’s without others buying! So in a couple of weeks those that didn’t close their short have already dropped 20% profit- they should have closed out at 59!
And with big US news in March it really means that the action is gunna get real hot in the BET kitchen!
Who’s not loving it- the turn around is upon us!
BET Price at posting:
73.5¢ Sentiment: Buy Disclosure: Held
