It makes sense, smother a small flame, before it becomes a raging fire, they have a lot to loose. Unfortunately there were a lot of scared smaller investors selling today as well. Hopefully cleared most of that volume out of the system.
The FA & TA are looking good for BAL, plenty of upside to be had over next 6 months IMO.
What will be the tipping point for shorts? Great FY16 result and strong FY17 guidance? I'm not selling a share. Shorts will be squeezed at some point, hopefully soon and it will be dramatic.
What we need is a nice rebound on US markets and a strong bounce on the whole ASX200. Brexit is a pain, but we will be past it soon, one way or another.
BAL profit upgrade to come, page-42
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