We're entering a monetary loosening environment. In short, RBA won't likely hike interest rates and we are pricing in cuts. That means, hold on to your shares. Buy more if you can.
I was quite literally advising to buy (because I'm licensed and I can) when "there's blood on the streets even if the blood was your own" (about lithium stocks) because we saw it coming since Wednesday 6th Dec (Ganfeng notched up) and price signals we're telling us we were exiting bear and entering a bull market. So by Monday 11th Dec we knew to start buying... there was a bit of a blip but we're heavily focused on mining so we knew market was about to turn.
The shorters you speak off are not too different to you and I but they are focused on oh so many stocks they have a different set of measures, they took the risk and did not exit short positions. I know a few of those fund managers, who now have to suck eggs but I digress.
We never short ourselves, we don't trade the stock market but help projects get funded. My business is not too different to Evolution Capital... just private... and I choose who I help... but I'm getting too old for this.
The stock market is only a casino if you treat it like a pokie machine. Treat your investments like superannuation does with theirs, and it's more like a retirement fund. Treat it for what it is, a vehicle to capital raise in order. to fund expensive projects to become productive and you'll make your millions. But do watch out for the macro I speak of unrelated to project but incredibly important in financing those projects.
Shorting is good from an aggregate perspective, perhaps not from an individual stock, I'll admit to that at least. Cheers
CXO Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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