BBI 0.00% $3.98 babcock & brown infrastructure group

breaking news ...street talk p22, page-35

  1. 1,257 Posts.
    Good luck apples, you might know what you're doing (even when I don’t agree that doesn’t mean you’re wrong). In regards of your views about shorting, again, you might be wrong since shorting is an investment instrument to hedge long term investment and on top of it, helps the market adding liquidity into the system. I don't particularly like the shorting strategies since I consider myself a small investor with some risk avoidance and the risks involved on shorting are far bigger than other instruments.
    Two weeks ago if you asked me I would have probably disagree with you on the target sp, since my target sp two weeks ago was far bigger than 10c. In light of the incapacity of the management of realizing DBCT (even on book value) the future looks dire, but is not my money we’re talking about. I wouldn’t be surprised if BBI calls a trading halt on Monday, I believe at this stage ASX should have intervened, but apparently ASX and ASIC are always late.
    Cheers
 
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