The price may be dropping due to 'shorting'. There has been a very low % of shorting whilst the price has been rising. Once it stabilised around $1.00, the shorters most likely saw it as an opportunity to make money. It will be interest if it has lifted once the information is updated next weekhttp://www.shortman.com.au/stock?q=pbg
The good news, is that 'shorters' need to buy back in at some point.
So the price may drop in the short-term, but it must hold or lift again based on fundamentals.
Just the interest savings in the first half will give PacBrands a good lift.
PBG Price at posting:
84.5¢ Sentiment: Buy Disclosure: Held
