So we didn't get the 2.30 to 3pm dump that I predicted yesterday but we did see the significant share price recovery from its low of 56 to as high as 59.5 at one point in the day. A 3.5c variance is about 6% of the share price! That's crazy given the relatively low volumes that it has been trading at.
I am convinced that the historically high level of short positions are very exposed and at high risk of a short covering rally soon. Anything could be the catalyst for this at such depressed prices, even a routine announcement to update the market on progress at the new wind farm at Bodangora.
My eyes are firmly on Wentworth at the moment. It's the canary in the coalmine. If the Libs lose this (at Morrison and Sharma are off to a poor start campaigning for it) then the writing on the wall will be clear to all and not just me.
When (not if) Labor take control of Parliament the only industry that I think will flourish will be the renewables industry (and maybe union racketeering). Whilst property and the ASX will sink, renewables will enter a golden age.
Line up and place your bets now and thank you to the shorters for the opportunity to load up on a no-brainer investment for the near futu
