Broker note msg3 Nov 2022 08:09
Lib's broker note is a pivotal moment.
Prior to this week, Institutions wanted retail investors to buy BOO as they forced the price down forcing retail to sell at loss. Now they want retail to SELL forcing retail investors to buy back later at a higher price.
If you're a holder of BOO, now is the time to sit and wait for Institutions to orchestrate their way out of their short positions. Ideally - for them - they'd prefer to manage the process - hence taking the steam out of recent retail buying.
Last few weeks demonstrate appetite for BOO from retail. And now we know Instututions want to BUY.