watford, have u had any experience similar to this? shorting a company till it goes down? how long would it take to crystalise ur profit?
i dunno about ur ratio, but isnt ratio 4 : 1 is ultimate ratio? as you shd buy 1 timpb for every 4 tim shorts?
the key risk in this play would be if tim goes above 50 c before the conversion at the end of september as timpb face value is $2 and it would convert into less than 4 tim if tim is above 50 c which is very unlikely now.
TIM Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held