Just looking at ASX Short Sales for 17th: 20% of PET shares traded were short sales. What are these idiots expecting: drive the price down to 20 cents and make a killing?
It's not just PET though, quite a few are being heavily shorted. Looks like self destruct mode has just been cranked up a notch or two. That is really unbelievable in the current environment. And RF1 run by those award winning investment geniuses is now $1.40 having lost half it's value in the last five weeks. How good is that!!!!!
Super Retirement funds have dropped by around 20% over the last few weeks and may well drop further. Sadly many people would not be aware and other are running around saying it'll bounce back. Maybe so but it will take many years to recover these losses.
What next?????
Just looking at ASX Short Sales for 17th: 20% of PET shares...
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