Haha not sure about that as I short stocks on a regular basis & I am none of those.
However I haven't shorted this puppy as its unbelievable value here.
Quite frankly its ridiculous.
I've bought in large today with OZL & IGO.
Both are screaming buys.
The international banks are playing some games in my view, putting out calls that commodities are about to be slammed! Really? Where were they for the last 9 months!
Its already happened. Some can still go lower like oil, iron ore, but copper isn't one of them.
Production cuts are already setting in.
China is accelerating infrastructure spending.
But best of all both OZL & IGO have left their exposure to the Aussie dollar open.
That to me is the key difference when compared to many other resource stocks that are laden with USD debt.
GLTAH
OZL Price at posting:
$3.27 Sentiment: Hold Disclosure: Held
