Seems to be increasing in terms of shorts on ABS....pretty sure they were around 2.7 million a few days ago..but may be wrong.
Wonder what their goal price is in shorting it.
I get the feeling we will see high 50's....low 60's before a real bounce happens that can maintain some momentum.
None of this ABS share price drama makes sense if you base it on the information which we know. Based on the info...I would expect ABS to be around $1.10-$1.30.
For this reason...I am just watching you guys have a crack at it.
Good luck...its gotta bounce at some stage or deliver some more truth about why 10% drop daily and sleling pressure.
ABS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
