MARKETS SPECTATOR: JB scramble

JB Hi-Fi is gapping higher, and brokers will be rushing to adjust their forecasts. It's a recipe for disaster for those caught out with the most shorted stock on the market.

The short positions in JB Hi-Fi are squealing like pigs this morning after the retailer smashed market expectations with its results for the first half of 2013, sending its shares surging more than 10 per cent on the open.

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