When Aussie banks were being heavily shorted earlier last year one of the main culprits was interviewed (I think 60 minutes) when pushed to answer for the losses to shareholders he said something like they should be grateful for the opportunity to buy good businesses at a bargain price. It's hard to feel too grateful right now but I think we'll look back & see this as a big opportunity. Heaps of buyers keep stepping up, shorts appear to have dropped dramatically, huge director purchase, all bad news seems out there & more than accounted for, so I'm calling it, we are at the bottom!!! (I hope, I can't afford much more of this opportunity)
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When Aussie banks were being heavily shorted earlier last year...
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