Increasing shorts when the stock has also fallen significantly, IMHO is a mugs game. The significant drop in BAP was a perfect storm of relative “under management” , a drop in profits, and the staffer deciding he didn’t want the position. Sure BAP profits are down, but much of their profits come from the trade which is non discretionary.. Still holds a significant position in the motor trade industry irrespective !
Ann: Trading Update, page-31
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Last
$5.33 |
Change
-0.050(0.93%) |
Mkt cap ! $1.809B | |||
| Open | High | Low | Value | Volume |
| $5.39 | $5.43 | $5.28 | $2.525M | 472.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5307 | $5.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.35 | 8876 | 5 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BAP (ASX) Chart |