take over smells, page-3

It is all about the shorts. ARI and AGO have undergone massive covering over the last two days IMHO. Stats will tell us the picture once ASIC gets the pigeon from the front line.... in three days.

FMG on the other hand looks very ill. I think the shorters still see value there. Either way, history tells us that the dumb shorters get it wrong so at some point there will be a short covering rally..... but I doubt that could take place until early July at the earliest.