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Australian Investment Blog

24/05/2018

Is Domino's Pizza (ASX:DMP) ready for a buy?

Stock

Domino’s Pizza (DMP) $44.47 as of 23/05/2018

Event

DMP has a significant short position of 18.3%. You can view short positions here: https://www.shortman.com.au/

Market Matters Take

At MM we don’t like DMP as a business / long-term investment but a short squeeze would not surprise us with our potential target around the $50 area.
  • Extremely aggressive traders cold consider buying here with stops below $43, solid risk / reward but not a position for MM due to our overall view.
To read our full report "Looking at 5 Potential “Short Squeezes” Into EOFY (DMP, SYR, VOC, APN, JBH)" on the top 5 short positions in the ASX click here Domino’s Pizza (DMP) Chart

By james Carter
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