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WA Govt Gas Policy Report Today, page-255

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04/05/24

16:25

Post #: 73666063
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Originally posted by 618: ↑

That still doesn't make any more sense of the short selling given a lot of short selling has been done at or near current price levels. Beside it being a hedge, one would only short sell if one think a scrip is overvalued. So this logic would only actually make sense if our current price actually reflects our fair value AND it has priced in some upside from a policy change. Given our scrip is trading at a discount to fair value, let alone price in any upside from policy change, I can't imagine the a negative outcome will have much of an impact on STX.

An example... if there is one particular series of $1 stamps which could worth more if Aus Post decides to make it a limited edition. If the shortsellers are selling it at 70c because they believe Aus Post will keep mass producung those stamps, where is that sense in that? At the end of the day, the fair value for those stamps is $1 at a minimum regardless of the decision.

618

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But this is not as simple as a stamp are they not betting on more bad news to come for example, poor W7 result, problem with W5 or 6, OH duster etc etc. Big gamble but that's what they do.

There are opportunities both up and down and they are betting on down.

STX Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
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Last 20.0¢		Change 0.000(0.00%)		Mkt cap ! $572.1M

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Price($)	Vol.	No.
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