SYR 4.35% 22.0¢ syrah resources limited

Shorters are having a field day. Most shorted stock on the ASX....

  1. 904 Posts.
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    Shorters are having a field day. Most shorted stock on the ASX. Management reported problems in 2018, and also reported,
    problems resolved, and second half of 2019 would show signifigant improvement. DYOR, read announcements etc.

    I sold out at a loss, because shorters, IMHO, will get SP under $1. Get out while you can, and buy later for the future.
    SYR has a great future, and once the shorting stops, onwards and upwards.

    Shorters will probably move on to retail soon, so take immoral profits, and target JB, HVN etc.

    Shorting should be banned, as it does not provide a level playing field for investors, who get up at 6 a.m,
    go do a decent days work, get their hands dirty, and put their hard earned into a sound investment.

    Anyway, I am doing what I call, moral longing(as opposed to immoral shorting).

    So the shorters take a position, and beat the SP down, I buy when quality companies are down more than forecast.
    DMP, SMG, RMD and others are recent examples. The only time I like shorts, is at the beach.

    In conclusion, they can have their fun, but will enable me to buy stock in a quality company at a bargain price.

    I believe SYR will one day, utilise their expertise to be a market leader.




 
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Last
22.0¢
Change
-0.010(4.35%)
Mkt cap ! $232.8M
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23.0¢ 23.5¢ 21.8¢ $592.6K 2.639M

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4 40540 22.0¢
 

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22.5¢ 132427 6
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