so you are proposing a very sound company gets its share price smashed by a few hedge funds and all the other hedge funds sit by and watch and do ……absolutely nothing. Have I got that right? Absolute bargains sitting there and no one else acts? I remember a number of years ago Bill Ackman (Pershing Square) massively shorted a very dodgy looking company called Herbalife (USA listed) and then Carl Icahn came in long and Ackman got into serious trouble. The point being these hedge funds are pretty competitive. The idea that perfectly sound companies get ruined and no one else swoops in to make a profit is absurd.
AL3 Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
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