Shorts are holding, page-2

Reminds me about one of the golden rules of investing - never go short on a stock that is conducting a share buy back.

NEC is currently in the midst of a 150M share buy back as well as carrying excess cash of 52.5M as at Dec 2015. They are also looking at gaining another 135M from the sale of the Willoughby broadcasting site.

Not sure what any shorters will be hoping to gain at this stage of the game considering the price slide that has already occurred in the last six months but more than happy for them to push the price back down bellow the $1 mark. I see them as below fair value at the moment and any further decrease in the share price makes for another great opportunity to accumulate a few more shares.

I'd be interested to hear from any posters as to why they see the share price falling further in the near future and at what price they consider NEC to be fair value.