Profit is made from astute timing whether long or short, the...

Profit is made from astute timing whether long or short, the difference is the greater risk associated with shorts, thats why shorts tend to exercise a higher need to bad mouth companies without just cause, just lots of scare tactics to settle their emotions. I only utilise shorting sparingly nowadays as most of my losses were realised through short positions mostly through covering & favourable Company announcements that were unexpected. Just like now with FMG they are cognisant of the financial advantage to be gained from the debt purchasing exercise provided at a huge discount which is highly likely soon particularly leading up to their quarterly report.