JP Morgan confirmed BUY $1.96 today, page-9

Hi, you could be right. I think it would have been better shorted before the drop

There are institutional investors that rely on this stock to go up again and it does change on fairly small volumes. I'm confident that with the balance sheet/dividends outlook that it will be considered a bargain stock with great prospects.

Just make sure you have a stop loss. The big boys might pressure it upward as they have more at stake than we do. Don't get caught out with a gap up. Currently retail investors are still panicked/depressed and emotionally sell out at low prices fearing it will drop down further. However, it didn't reach a new low today and may even gap up Monday if global stocks rally. Remember, Austal dropped extra from the pressure of the poor performing Dow Jones / industrial sector in USA. If it picks up again you may get caught off guard. So short from $1.80 in short term to sell in $1.60's all good. But to short in the $1.60's...very risky.

My 2 cents worth.