Crossposted on Over The Hedge. My cybercolleague Apurva has closed out an excellent countertrend recommendation on HTC that is worth thinking about.
Given my past discussion on Tiger, a reader sent in a question essentially asking who has been buying Tiger. In case you’ve been distracted by the heavy macro news recently, this is what has happened from precrash to post crash:
I was lucky to get out of my announced short position with my shirt still on my back at a nice price of 1.00, thanks to a fortunate morning auction. Other shorts who traded with target prices in line with analyst expectations will have been seriously burned. Tiger was a FANTASTIC long over the past week thanks to rumours that SIA might increase its ownership.
But this defies logic: The Tiger share price has now ENTIRELY shrugged off the Australian ...