H you might be right.
Have a look at Shortman.com
The SP has been falling since mid 2018. Once the SP hit $3.00 in December the shorts decided to take profits with 27,000,000 reduced short positions. Obviously the short sellers had decided the SP would stabilise. Despite that reduced selling pressure the SP continued to fall in line with world markets. The Christmas price for CSR finished at $2.76 about 30%below Morgan’s Price Target of $4.10
Nothing has changed in the investment thesis other than sentiment. A good opportunity for the brave.
Add to My Watchlist
What is My Watchlist?