QuixisYes large gains to be had. Still pretty safe to short it...

Quixis

Yes large gains to be had. Still pretty safe to short it at the moment but I wouldnt put it past forrest to let it get to a stage where it is shorted heavily and he comes out with something to turn it. He shares the same feeling towards shorters as the Chinese do to BHP.
As you said smaller cent movements will become more profitable but the same applies if it swings the other way.
For eg
$1.00 Sell $0.80c buy is 20% gain. Not bad
but thats with no new news.
flip side is
$1.00 sell - announcement about to surface which you can be guarenteed it will be leaked before hitting market given Forrest foundness of shorters and shares rise back over $2.00 = %100 loss
20% gain vrs possible 100% loss shorting
or 100% gain vrs 100% loss going medium/long
Think I will try my luck on the latter option myself. Either way I see risks just as equal. :)