short selling same old storey, page-9

I'll happily remind you of your statement in 18mths time Kray. I have no doubt that they made some mistakes, the biggest following market pressures to grow rapidly, and now to reduce their exposure into the US. The did go to fast into the US, and then had to take a cut on the MS deal due to current economic climate. That done they have to deal with where they are at now, and they still have exposure to the US, they'll see good earnings there, and the AUS/NZ operations will provide good earnings as well with a vastly improved bottom line. If you are saying ABC can't recover from this blunde are you suggesting other players will enter the market, or takeover or what. No doubting it was overpriced at $8 or $6 dollars, but I have no doubts it has also been punished and oversold. Sooner or later the short sellers will lose there nerve and move out, and that will see an improvement in the SP.