I would say forget these arguments about fundamentals, and look at the price.
Look at the daily shorts turnover -- more than one in every 2 shares traded is a short.
58% last week, 53% yesterday.
Yes, market sentiment is very poor, and that $17.30 price resistance I mentioned is in play as it struggles to hold $17.
I would never buy HVN over JBH, but shorters see more potential whacking down JBH irrspective of fundaments. HVN today: even. JBH -0.58%
JBH shorts: 53% HVN 22%
Speaks volumes.
long term direction?, page-6
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 (20min delay)
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Last
$80.59 |
Change
-1.410(1.72%) |
Mkt cap ! $8.811B | |||
| Open | High | Low | Value | Volume |
| $81.09 | $81.71 | $80.10 | $31.55M | 391.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 275 | $80.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $80.67 | 671 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| JBH (ASX) Chart |