I am loading up and happy with the current low. I don't know where the trading in 60's come from.
Due for a bounce
But all is not lost for those that are brave enough to take the plunge.
According to Coppleson there are three stocks that have been whacked lately and all of them are due for a bounce.
Blackmores, Domino's Pizza and Independence Gold have all been a favourite of the short sellers in recent times but could now be ripe for a short squeeze.
First up, Blackmores.
The stock is at a two-year low, has fallen nine of the past 10 sessions, and although it has been the subject of tax loss selling by retail investors it has also suffered from professional fund managers getting out before June 30.
Short selling has intensified and now more than 8 per cent of shares are short sold, the highest since October 2016 and a sign that a rally is not far away.
