STX 0.00% 21.5¢ strike energy limited

Ann: Costa Group Holdings Ltd to be removed from the S&P/ASX 200, page-19

  1. 140 Posts.
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    Shorting Stx must be frought with difficulty. Normally there is a catalyst to trigger a dip. I can’t see one here.
    Of course there can be alternative motives to short like keeping the price down ahead of a potential bid take over. This is what normally happens ahead of a take over.
    Im trying to think why Stx would be shorted:
    1. Upcoming testing doesn’t deliver?
    2. Gov doesn’t allow exports.
    3. Less demand for gas due to other companies folding.

    Frankly I see none of the above happening but who really knows.

    What I do know is Stx hasn’t failed once, with regard to every announcement for years yet in recent times, but the share price has remained reasonably stagnant. So if any of the above happen well we will get smashed ahead of a bid.
    These are really purely my thoughts only and could be complety off course. I’m in for the long term.

    There are powers to be waiting in the wind for one thing above to fail and smash the share price. Then the 60c take over looks good to all and sundry.

    Lets see what happens over the next few months.
 
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