Originally posted by balt
asb you make me laugh.
In reading your posts, it is obvious that you are incapable of factual research and analysis; yet here you are claiming you have undertaken some calculations that add value and should be recognised by the HC punters!
Just maybe you could shock us and publish those analytical pieces of wisdom for all to review. Then some on here might be able to help you refine the 10-20% overvalue into a more accurate 'overvaluation' for the benefit of us all.
@asb83 really backed down there, not even a reply to share his calculation. one can only assume there are no calculations to share? infact that seems like a common theme on all the shorters here. No calcs, just misinformation...
Personally, i am very disappointed. I have numerous short positions open across AU,HK,FTSE,US. Shorting is not the easiest and i would have love to see some calculations.
All he/she has is a reduction in broker target which still puts us significantly the money. Not a real reason to short...
Admittedly i sometimes wonder if we are too rosy on GXY as after all the shareprice is lower now than before. After all the market is always right (albiet in the long-run). But looking at this thing, even the worse case inputs shows the Market has it wrong in the short-term. Manipulation is part of the game and i am happy to be betting against the manipulation.. shorters, please share some sort of investment rationale apart from misinformation