Most of BAL shorts almost 8 million were made under $10 and 5 million under $9.00 refer to shortman chart. Reckon another million shares were short sold today. News was all round positive China increasing stimulus significantly which was why Aussie market was up metal stocks, A2M and infant formula was up, with the exception of BAL (which is only down due to shorts). Driving down share price by ever increasing numbers of shorts is not very smart. We have gone from 2% short to 9% short in 3 months.
BAL Price at posting:
$6.81 Sentiment: Buy Disclosure: Held
