If you had attended the Sydney investor presentations you would have heard Justin's answers to my questions regarding ACR.
ALF was originally long ACR but later changed their view after further research & has shorted ever since.
They had confirmed that they had made very good money from shorting ACR but some of that would have been reversed when the ACR share price rose from the low of $0.75 in June 6 last year to the September 1 high of $2.10.
We have now seen a low of $0.79 yesterday & with a reported reduction in ACR short positions I only hope it was ALF getting out of their shorts & taking their profit.
It is likely there could be a short term bounce in the ACR share price before further selling.
ALF Price at posting:
$1.40 Sentiment: None Disclosure: Not Held
