Simple shorting! Fox business had a couple of guest commentators on about 6 wks ago. BKL (at $102/3 at the time) was raised and first bloke said bottom was around $98 - the other one piped up immediately and said they had it at $85. I've been watching for him to appear again because I know his face but not his name or company. It struck me at the time that it was clear collusion amongst a group of shorters (now over 8% on a very expensive share) so my guess is that it is getting near the low water mark. But it does irk when the company will not release a statement on the stock - then, correspondingly, the shorters could view that as an incentive to keep on shorting. I'm not too uncomfortable on the stock yet but the day I flick them is the day that they take off - so I'm holding.
BKL Price at posting:
$86.67 Sentiment: Buy Disclosure: Held
