Running discussion on SP, page-1979

Because these forums aren't just for the long side, I will keep you updated with my short trade (since I copped some heat for it when I simply wanted to provide some info about MSCI).

My front side short thesis is in play and my core is holding.I advised yesterday I saw a decent seller above 800 (who ever it was - smart if you ask me!).

As stated prior, now the MSCI rebalance is complete, usual trading can commence, and WBT can resume movement with the market while reverting back to the index. I am also hoping for some form of cap raise or discounted investment due to the roadshow presentation (which in my view is a red flag for shopping around for cash. If I was management I'd probably want to seek investment at these prices and take advantage of the MSCI push). If this occurs, it will give me an opportunity to cover all/or some. If not, I will manage the trade accordingly.

I have seen a lot of discussion about "shorters" and suggestion that "short covering" is adding to WBT's recent move up. That is incorrect. In my view there wasn't a significant amount of shorting occurring to induce a 'covering' or 'squeeze' type push in share price. In fact, it was hard for me to obtain the borrow to facilitate the short position I have taken. I am borrowing through multiple brokers and I am paying a premium for the borrow.

Good day.