Is Aegros a genuine Threat to CSL?, page-57

"A ludicrously high PE .... in a higher interest rate environment, incoming competition on a couple of fronts at least, ...

juxtaposed with:

"Exited my short position on todays large fall."

I don't understand.
The P/E is still high, interest rates are also still high and now there are competitors on at least a couple of fronts.

And you'are covering your short position because the stock fell by a mere 5%?
Heck, that's within normal share price variability over any 10 or 20 trading day time frame.

Surely, if you had any conviction in your view, you should have been adding to your short position today, not closing it out.


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