Exactly Joewolf. Past performance certainly is impressive, and they got both shorts and longs correct, but now, they are struggling to get traction. I'd be thinking, during this market correction, they need take some conviction and close out some profitable shorts, and go long on some bargains. Market Neutral is difficult to match the market I reckon!
I emailed them yesterday, suggesting a share buy back should happen, and Tim said that the board would consider it, and that is was their decision. It would be the best idea for them right now.
Joewolf, I would have thought shorts would have been easy last 12 months, retail and resources, long yield play. That play is over now, and hopefully ALF are onto it.
I am silly enough to have brought more a 1.25, and 1.30. Do I get sillier if I buy now. Maybe I should sell all more profits in CTN and FGX, and load on this ALF?
ALF Price at posting:
$1.16 Sentiment: Buy Disclosure: Held