WOW, even just yesterday (04/06/15) MTS was shorted by 13,486,312 shares – Goodness gracious me. If you sell now then you just only going to reward those foreign large funds who careless about Australian companies’ future or Mum/Dads/retail investors.
Just can’t understand how could AISC allows those guys to short-sell as many shares as they like. ASX is a very small market compare to S@P500 for instance, which means S@P500 can absorb short-selling easily unlike the ASX. That’s why AISC should urgently examine the viability of Short-selling on the ASX which only benefit investment banks like J.P. Morgan, UBS etc…
Businesses’ performance cannot go on straight line and MTS is no exception. And surely it's not fair to short-sell a company to its knees when that company is facing head-winds.
Still absolutely bullish on MTS in the long term, and I’ve transferred my MTS’s shares from Chess sponsored to Issuer sponsored as I’m in MTS for the long haul and also want to make sure my shares won’t be shorted. Encourage you to do the same if you are long Term investors.
Bought more shares today and will add few more whenever I see the price cheaper. Long term investments always pay off and earn you more money.
Good Luck
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