yes I am hoping to flem ... I took out a further short today at $3.33...
I have checked over their previous years figures and analysts forcasts for this year........ to me there would have to be an enormous jump in profits to justify the current price...... I have seen a number of surprises this reporting season so fingers crossed ........
MYR is also giving me the same signals ie. significant over valuation of share price compared wit expected earnings....
I see you are still persisting with shorting SUN ...... I think too much sun at coral bay on this one....... the PE shown in commsec is based on statutory earnings not the underlying earnings...... there is a $300 + m. write down on depreciation on assets included in that..... SUN and IAG (which I have a large amount on long) are tracking about the same on both financials and performance....... also I think that there is a bonus dvd. coming up for SUN also ........ so shr. holders would not wanting to sell and miss out on that......
