BDR as most of us know is 19th most shorted stock on ASX.At same time most of the shares are in the hands of instos including CBA.
It seems to me that these instos are betting that BDR will decline and us punters are doing the opposite.Ill let U be the judge of whose bet is best informed.
I hope I am wrong!
Yet if that is the case why were two CR,s amounting to $100mill easily supported.I don't think these big instos would back a sinking ship.....I don't get it
BDR Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held