Hope you are right as the short positions will be seeking some bad news.
interesting article in AFR today on short bets in the market. Have copied the interesting part for me below:
"Data from the Australian Securities and Investments Commission (ASIC) showed that the stocks as of October 27 that have attracted the most short interest are: Myer Holdings with 16.66 per cent; Metcash (13.46 per cent); Atlas Iron (12.74 per cent); JB Hi-Fi (12.37 per cent); Paladin Energy (11.51 per cent), Cochlear (11.5 per cent); and UGL (10.65 per cent). These figures are based on ASIC’s measures of securities reported in short positions as a percentage of shares on issue. JB Hi-Fi may slide down the pecking order in the next iteration of ASIC’s short report because on Wednesday the retailer confirmed in a trading update that it was in a good position in the lead-up to Christmas trading."
MYR Price at posting:
$1.94 Sentiment: Hold Disclosure: Held
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