UBS way off the money on Arrium raising, page-10

Im aware of the risks, but it is considerably lower now than ever, not buying it when io is 180, not 150, not 120, not even 100 lol, buying when io is 85, which is super low and ari hit 10 year low, the only risk is them going bankrupt but then they just raised capital, what are the chances of admin, virtually 0, then again this is the market anything crazy can happen.

Ive been wrong before but seriously from $1.80 to 37.5c i think we got way overflogged, thats more than 78% value lost in 7 months time. I wouldnt be shorting this at this level as it really might turn anytime. I double my postion in ari from 20% to 40% of my portfolio, ill go 55 then 75% if i have to and thats it. Its almost a 25% gain from current level to 48c if ubs is to pump this beyond 60c theres huge amount of opportunities here. Compare to any other io play, io is the only one that can give the biggest return atm.