BAL 0.00% $13.23 bellamy's australia limited

TA chart, page-213

  1. 1,958 Posts.
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    The short is trying to buy back at 1202 via an iceberg order that sat there all day yesterday, and today has put an iceberg order in to sell at 1210 to try and cap. But looking at the action today (already broken through that 1210 iceberg), I'd say he's going to lose more stock at 1210 than he will pick up at 1202, which rather defeats the object of the exercise, ie to cover his short.

    I actually do sense a little panic here. Over 700,000 shares per day required prior to results in order to be square.....and only 96 mill shares on issue
    Last edited by stillade: 02/08/16
 
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