I've just closed out my short position, and agree that there is...

I've just closed out my short position, and agree that there is possibly immediate tax loss selling, that might lead to a rebound short term. The underlying issues will have an impact for a long time. I think LEI will stop going down when cost blowouts are factored in to all new and existing projects, and the accompanying reduction in project numbers is factored in to LEI's future profit projections. There will be more projects announcing cost blow-outs IMO, and currently we are in the denial stage.

So $15 - why not $10? Nice round number - and these things usually overshoot. Factor in a much lower PE ratio to factor in the risk, and lower profits and you have a significant rerating. Why can't it fall to a quarter of its recent peak shareprice?

I'll be opening my short again very soon - maybe on the spike if the Greeks accept that money that they will never have to pay back.