Nice work on getting in at these prices. IPL is looking decent...

Nice work on getting in at these prices.

IPL is looking decent atm with the shorter (10 day) Exponential Moving average having crossed over the longer one (20 day), Relative Strength Index is around the middle range so with any luck we'll move up from here. I'm guessing the market is awaiting news of the Louisiana plant commissioning.

ORI is due for a pull back as its well outside the upper bollinger band and will pull back into that range.

Also ORI is bouncing probably from short covering positions as it has quite a reasonable amount of shorts open at any time and tends to yo yo quite a lot based on who sells new positions and who closes out hence forced to buy back the shares and drive up the price in a short period.

www.shortman.com.au

TOP SHORTED STOCKS

	Column 1	Column 2	Column 3
0	MYR	MYER HOLDINGS LTD ORDINARY	16.02%
1	WOR	WORLEYPARSONS LTD ORDINARY	15.32%
2	WSA	WESTERN AREAS LTD ORDINARY	13.74%
3	MTS	METCASH LIMITED ORDINARY	11.77%
4	BAL	BELLAMY'S AUSTRALIA ORDINARY	11.48%
5	MND	MONADELPHOUS GROUP ORDINARY	11.22%
6	CVO	COVER-MORE GRP LTD ORDINARY	10.54%
7	FLT	FLIGHT CENTRE TRAVEL ORDINARY	10.31%
8	AWC	ALUMINA LIMITED ORDINARY	9.11%
9	TFC	TFS CORPORATION LTD ORDINARY	8.92%
10	EHE	ESTIA HEALTH LTD ORDINARY	8.32%
11	ORI	ORICA LIMITED ORDINARY	8.17%
12	SGM	SIMS METAL MGMT LTD ORDINARY	7.84%
13	IGO	INDEPENDENCE GROUP ORDINARY	7.81%
14	BEN	BENDIGO AND ADELAIDE ORDINARY	7.77%
15	NEC	NINE ENTERTAINMENT ORDINARY	7.76%
16	IFL	IOOF HOLDINGS LTD ORDINARY	7.72%
17	MYO	MYOB GROUP LTD ORDINARY	7.72%