Dubai's Dar Group 13.35pc stake WorleyParsons Read more: http://www.copyright link/business/cons, page-32

I was also short WOR but exited last Monday when the shares dropped below $8 for a $2 per share profit. Although I considered I dodged a bullet here I am surprised you did not get out for a profit back then. You had posted before their profit announcement that you were carrying losses on your short and 20 Feb presented the opportunity to exit at a good profit (for you). I admit I thought the shares would again retest $7.50 sometime this quarter but the extra gain of 50c was not worth the additional risk.

Shorters are often maligned but WOR demonstates the risks are the same whether you are long or short. With global markets now in a bullish phase the macro risks with shorting are now on the increase (IMHO)

Cheers