[MEDIA] Shorts have been picking up in past week, possibly...

Shorts have been picking up in past week, possibly someone who knew Mark Denning was on the skids at Capital. Possibly even Capital has been the big seller since the placement.

This shows Denning believed in MSB enough to have it as one of his 3 personal stocks.
Whether or not the new fund manager keeps MSB remains to be seen.

Capital seems to be very supportive, however they would hardly telegraph if they were going to sell.

So, this price fall is quite likely linked to the Mark Denning situation - nothing to do with MSB fundamentals or SI caring about the share price etc.

Good brokers will already be bidding Capital for their stock and trying to place it with the people who were cutback in the placement at $2.

Capital may resist selling after this rapid price fall, and may be big enough believers outside of Mark Denning to keep holding.

I reckon this will be sorted out quickly one way or the other - either we will hear brokers have bid Capital and been refused or their stock will be placed probably between $1.60 and $1.70 - a nice discount and averaging down for those who recently bought - they'd be mad to pass up the opportunity.