overdone..

once again, we see the hedge funds shorting this puppy for a quick buck. I think the stock goes ex dividend tomorrow and you can be sure a lot of these shorting funds wont want to own the stock by the close of business tomorrow [they wont want to pay the dividend with their own money when short] i think any short term sell off in the morning [if it happens] will be followed by a solid bounce as folks hunt this 65c dividend. been a great trading stock with $1 daily moves. Both the US and our market were strong and they sold it off, i really do expect a very solid bounce here very soon even if the US is off tonight. the PE is around 10x here and thats some sort of record for one of the best companies in Australia. its probably a record for this stock as well. please dyor.