It's not. He missed the boat totally back in Feb / Mar this year. His interest costs and dividends payments will ensure he is in the red and will continue to need the SP to go lower. He plans to keep the short for another two years which would then require the SP to be around 60-80 cents according to his logic.
Then if the SP stays between $1.30-$1.60 for years to come, it will cost him a fortune.
Great to watch a downramper lose so badly.
coordinated AMP attack to lower SP for low ball TO, page-27
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$1.54 |
Change
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