@asb83 really backed down there, not even a reply to share his calculation. one can only assume there are no calculations to share? infact that seems like a common theme on all the shorters here. No calcs, just misinformation...
Personally, i am very disappointed. I have numerous short positions open across AU,HK,FTSE,US. Shorting is not the easiest and i would have love to see some calculations.
All he/she has is a reduction in broker target which still puts us significantly the money. Not a real reason to short...
Admittedly i sometimes wonder if we are too rosy on GXY as after all the shareprice is lower now than before. After all the market is always right (albiet in the long-run). But looking at this thing, even the worse case inputs shows the Market has it wrong in the short-term. Manipulation is part of the game and i am happy to be betting against the manipulation.. shorters, please share some sort of investment rationale apart from misinformation
GXY Price at posting:
$2.08 Sentiment: Buy Disclosure: Held