I would be careful on this one Macca.Every day the same...

I would be careful on this one Macca.

Every day the same thing....dumping and the SP falling another 10%.

Hard to pick a bottom or know really the reason why its falling.

We can specualte but we know they just did a placement at $1.15 and the SP just went into mad selling.

Morgan Stanley may have bought in to short ABS to nothing.

I dont know but am suspicious on the ABS situation...I fell there is a lot we dont know but the numbers speak volumes and telling us there is seems to be no bottom in sight yet.

Maybe when the ASX short list shows a reduction in the ABS short amount from day to day we can estimate a bottom....until then...I am just watching.