AI
Monday, December 27, 2010 6:01:14 PM
CCME - Traderfan, reading through your article, you certainly have a polite way to say that shorts know some that we do not. 
"there is no reason out there except that they don't believe the numbers."
Even although I am long (I am very long for my portfolio after accumulation over the last 3 weeks,) I can name many, many other reasons for short to be shorting.
The first group of reasons are about macro-environment: SSE was down over the last months; rate hikes in China; Continuing Euro debt crisis, etc. All those put pressure on Chinese stocks, including CCME.
The second group of reasons are purely technical. If you study CCME's chart over last 12 months, it is a very bad stock for longs and great stock for shorts. Excluding one 5-week period in September/November, CCME is either trading sideway, or downward after any pops.
None of the listed and unlisted reasons scares me as a long. In a way, I am happy to have those shorts here and it gives me chance to accumulate shares again at very reasonable price.
"there is no reason out there except that they don't believe the numbers."
Even although I am long (I am very long for my portfolio after accumulation over the last 3 weeks,) I can name many, many other reasons for short to be shorting.
The first group of reasons are about macro-environment: SSE was down over the last months; rate hikes in China; Continuing Euro debt crisis, etc. All those put pressure on Chinese stocks, including CCME.
The second group of reasons are purely technical. If you study CCME's chart over last 12 months, it is a very bad stock for longs and great stock for shorts. Excluding one 5-week period in September/November, CCME is either trading sideway, or downward after any pops.
None of the listed and unlisted reasons scares me as a long. In a way, I am happy to have those shorts here and it gives me chance to accumulate shares again at very reasonable price.
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