“It's a fact (see numerous posts) that each reporting season on...

“It's a fact (see numerous posts) that each reporting season on MND and WOR my forecast is pretty spot on re rev, earnings, divs etc and my valuation (IV) is waay below what mr mkt is willing to pay”

You rock at forecasting what the last profit result was; you really do.

Trouble is, as you have learnt from your significant short position losses on this stock, the market is forward-looking.

So what the last result was, is largely academic.

Because, in the time you have been short - due to the “lousy macro” - the company has increased its profits by 37% and its order backlog by 17%.


“Have increased my shorts when SP went mad Mon&Tues...”

Sure you did.

Except that you only remembered to declare as much on the morning when ASX futures are indicating a sharp fall.