protection over the next week?

Hi all,

Im sure some of you are in a similar place, having put forward an application for additional AIO shares at $1.10 given the current share price at over $1.50

As i type all the major indices are pointing down and it is likely tomorrow will be a big down day on the ASX as well. If this continues the profit between the current price and the issue price will be wittled away.

I have looked at protecting my position by shorting AIO via CFDs. This however presents a problem, primarilly we have no idea how many shares we will be issued?

I have applied for $4000 but expect a scale back of some degree. What are other peoples views on this? and what are the chances of it getting near $1.10 (or will instos try and hold the prie up to protect the shares they applied for?)