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sorry I meant "Thank you for taking the time to share your views...

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LifeUniEvery42

622 Posts.

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02/02/17

12:42

Post #: 22317770
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Originally posted by LifeUniEvery42 ↑

@Lies&damnlies thank you for taking the time to share your views & previous experiences with TFC SP, shorts & the combo (shorts starting with low TFC SP, high AUD then shorting the SP down whilst the AUD also falls)
I see that the shorts have pushed TFC up to No 3 on Shortmans top 100 list, notably higher than previously.
TFC 3Yr Shorts
WRT the shorting of ACX & SP drop of +40%, could a similar correction happen with TFC & what might be the trigger point? (for ACX it was the high PE, & a news announcement of delays in business orders, & earnings visibility was not as baked-in as thought)
In 2016 I questioned the increase in shorts on the ACX forum, but groupthink won there

For disclosure I'm not shorting TFC, but have been following, & like the company & looking at a suitable entry point, but wary (after ACX & the current markets extreme SP reactions to any company news that has a hint of negativity).

GLTA

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sorry I meant
"Thank you for taking the time to share your views & previous experiences with TFC SP, shorts & the combo (shorts starting with low TFC SP, Low AUD then shorting the SP down whilst the AUD also rises)"
thereby getting currency gains from the USD/AUD, whilst also covering their shorts.

TFC Price at posting: $1.58 Sentiment: None Disclosure: Not Held
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