FXJ 0.00% 66.0¢ fairfax media limited

shorts, page-5

  1. 1,943 Posts.
    lightbulb Created with Sketch. 17
    I'm not a rhodes scholar but a quick look at the fairfax shares register suggest to me the shorts are in strife 1) the top 20 shareholders account for 82% 0f the available stock,as of 24.6.12 2) the top 20 are increasing their shareholding 3) for the shorts to buy back they effectively require all if the mums and dads to sell to them! 4) why sell at the bottom if the range? 5) the open positions are 3 business days behind. 6) fairfax revenue is falling but it's not collapsing neither is it down substantially Year on year down 7 % Next year is an election year governments will spend a shitload on advertising and fairfax will benefit. 7) it was a good idea to be short but not at 40 cents. 8) the shorters will need to buy and sell to themselves cos I can't imagine institutions selling at these prices.
 
watchlist Created with Sketch. Add FXJ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.