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12/10/18
10:56
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Originally posted by peejay2
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More than happy to come up with the goods Oily.... but it was interesting that the price of ALF fell yesterday when according to JBs grand plan, the price should have risen in anticipation.
Personally, I don’t think the price of ALF will go anywhere and that’s the point. He is fence sitting so that if the market falls significantly, he is protected by the shorts, and if the market rises, he is restrained by the shorts which are in roughly equal proportions. I just don’t see what he has to gain by the fairly large buys in his personal holdings UNLESS...... he is hoping for Geoffrey the “White Knight” Wilson to ride into town and sweep him off his feet ? And aren’t we all ??????
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When the market sells off I would anticipate the share price to stay flat not rise given that the fund is just above market neutral. 8% net long from memory.