Before the deal fell through there was no shorters on this stock...

Before the deal fell through there was no shorters on this stock and having a look the days following it has steadily being increasing from 800 thousand to now over 1 million gross reported sales. Even with some brokers such as Maquarie revising targets down to $2.80 I can't see any value here going long if the target price is so close.

IMO better odds short although the last few trading sessions seem to have some artificial support around these levels while holders work out whether they should sell or average down. I'm thinking it has to do with the ASX having a consecutive run of positive sessions why this has not fallen away further. Bring on a run of red days on the ASX and $2 could be possible.