I hope they respond in due course but best to try them again is my guess.
Highest shorted stock on the asx is MYR, easy target I suppose with the way they have carried on.
If they can get penalty rates under control it might help to reduce costs, just saw something on the news about SA taking this in hand reenalty rates.
Lower rates would have to be good for retail one would figure but MYR needs to get their ship(shop) in order.
Good yield at these prices.
May go lower but any decent news with any changes should also trigger a good short covering rally which could be reasonable also.
Anyone trying to pick actual movements is full of it as it' all just a bet guess scenario based on probabilities and trying to predict mass psychology with the added factor of big money moving prices based on their position and strategy.
MYR Price at posting:
$1.36 Sentiment: Buy Disclosure: Held
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enalty rates.
(20min delay)