JAS Update : We were right….and there’s plenty more downside to come

On Sept 19 we said the stock would fall to 1.5-1.6, possibly nearer 1.3, and we suggested a sell was in order for anyone still holding. Be very careful with retail stocks for the next month or two. Preserve capital, play on the short side with SET50 Futures and sell the rebounds. Buy and hold is over for now, regardless of the comments by some local brokers who would like us to think prices are cheap. They will get cheaper, of that we are almost certain.

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