Great post as always. I have never shorted any stocks on ASX. My reason being a potential take over. Ok, there were some spectacular shorts I missed eg MYR or DSH but on the other hand I know how people were bleeding their money out by shorting the stocks that I was longing - MTS at $1 or PBG at $0.400. They were all convinced it was going belly up. I guess this is a stock market.
Anyway, if someone shorts TRS at $8.0 for for lets says $400,000 leverage hoping for quick profit, if TRS goes to $7.5 then they make $35,000. Sounds ok. But if Anchorage, Allegro or other put a takeover bid at $12 then suddenly someone is at $200,000 loss probably wiping out $100,000 account and putting it in $100,000 debt (highly likely on top of the current mortgage).
Don't go against the tide guys. Trend is your friend and TRS has fundamentals behind it. Just my humble opinion.
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