Thanks VSBERLINA for that information. A valuable lead.
I extracted the following information from the ASIC site on short positions. DJS is amongst the "shorters' favourites". As you point out, DJS is quoted at 8.8% of Total Product in Issue Reported as Short Positions. Here's the heroes list (or should that be villains list):
Notice that DJS main competitor Myer is also on the List.
How has DJS performing compared to Myer? See the bottom pane of the graph for the Relative Strength of DJS compared to MYER:
Once again - we're seeing evidence that DJS may be under accumulation.
Even though both appear to be the object of shorters, DJS is out-performing MYER by a considerable degree since mid-May, 2012. This confirms the previous information that DJS is outperforming in the Consumer Discretionary group. In this case, we're more clearly comparing oranges and oranges.
If the shorters get caught with their pants down - this could explode.
We still have to see "boom" - but it is worth watching.
Redbacka
DJS Price at posting:
$2.27 Sentiment: None Disclosure: Not Held