The short-selling money junkies are firmly in control here and will remain so until it suits their needs otherwise. A casual look at the chart over the last number of years will show how this has been one of the most predictable (and profitable no doubt) trades on the ASX.
Judging by the sustained daily volume of short selling that is still going on I would suspect they are pushing for more lower lows. It's just too easy for them at this stage.
I'm happy to hold while this game unfolds.
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