Share price is up 25 per cent in the last month. It's one of the most shorted shares out there. Eventually it'll hit a sp where the shorters will come steaming back in. Historically they tend to push it back to the mid 20's
Joey my short was closed, it was a tough hit but those are the breaks. The focus now is earning a quick buck buying between 34-36 p and upon hitting 39/40 p to sell the lot.
The shorting on this share is something else. We were in and around 135 all last week and now it seems to dwindle at around 125. Someone is shorting this heavily.
With inflation in double digits over the last few years your typical customer has seen circa 10 per cent wage declines. That coupled with increased rent prices means they have less money in their pockets.