Short “High Conviction” Ideas Revisited
Over the past month, we’ve focused on a handful of short positions. Commonwealth Bank of, Computershare, Perpetual, Platinum Asset Management and IRESS.
We continue to see weakness across these names.
Perpetual & Iress “Short Watchlist”
Opportunities In Review
In Monday’s webinar we looked at a number of high conviction ideas and positioned buy-side entry levels in oversold names.
The following stock codes are a reminder of companies that should have made it onto your watch lists:
ANN, LLC, AMC and IRE
Algo Update – Short Iress
Our Algo Engine triggered a recent series of short signals in IRE.
In a strong market, Iress may trade as high as $11.50, however, we feel the stock is overvalued and likely to soon resume the downtrend.
The initial downside target is currently near $10.00.
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Investor Signals Pty Ltd
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