I'm not sure guys.
Basically we know people were shorting the hell out of ABS.
Morgan Stanley who looked like the white knight even borrowed stock..maybe to short ABS..maybe as part of their services to on borrow it.
But looking at the big picture and today seeing ABC end in a legal situation...I think we can safely say ABC is a pretty bad situation and has the potential to end up in administration.
Sound like a big call?
Many other highly geared business's are facing the same thing.
Look at CNP...$10 bucks to 28 cents and possibly wont make it.
Who knows....but I am staying away from it.
ABS
a.b.c. learning centres limited
I'm not sure guys.Basically we know people were shorting the...
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