For what it's worth guys, I dumped 90% of my holdings of Lihir...

For what it's worth guys, I dumped 90% of my holdings of Lihir (both trading parcel and my long-term holdings) on Friday, wanted to take some money off the table and figured why not book in a big profit. After all, we all invest to make money and I think Lihir may now be under a bit of pressure if there is no counter-offer from Newcrest, so it was a good time to take money off the table IMO. Risk-to-reward ratio is not in favour of Lihir, again IMO.

MonkeyDex; I agree with the short on LGL, probably still has a little downside to it and was a clever decision. A lot of people are forgetting that the same thing happened with Rio the day of the takeover by BHP, and has happened numerous times on many other stocks. It was a calculated risk and obviously worked out for you so well done.

As I've said in other threads on Lihir (among other stocks), the problem with the market is NOT shorting, it's the manipulation and insider trading that is the problem. How did the people who hinted and leaked the takeover offer a week before it was made public know? What about all the big sales going through and cross-trades between $3.00-3.10 over a week ago before the offer was made? I don't hear anyone complaining about that because it's not 'shorting'. Get real people, there is so much corruption on the market and to blame shorting for it is laughable and shows how little knowledge some people have of how stock markets work.

I will not deny that shorting CAN be harmful to a stock, but it's not the biggest problem.