I think @bagtenner is basically saying the same thing as us. Your argument is mostly with @gc2016 and others on the "Regal is evil. I don't take responsibly for my bad investment decisions" bandwagon. Sure, shorting sucks when the shorter is right and you are wrong. I've been on the wrong side too. Learn from it. Don't whinge about it. You are effectively shooting the messenger. Anyway, the market seems to agree. The SP is making a nice U-Turn in the chart. FUM will continue to grow. Topped up again at $1.83 on 1/5. Will see how things go from here. The $2.50 - $2.55 area seems possible short term. Will see if this becomes a resistance point.
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