Re:is this the end!12 Aug 2007 21:46
RDS. There is no problem, to call a fall in current market turmoil was easy, the hardest part is to call the point of a rise. TAN at any other time TAN would have roared away beyond the £2, but markets fell out of bed, so £2 was and is very very sustainable and more. TAN has now become a potential takeover target at these levels, if you still have short positions be very wary because the markets can turn on a sixpence. At the end of the day cash will be king and TAN will have bucket loads of it, will very small exposure to borrowings the sp should rebound.Shorting shares in a falling market is a shrewd move but those positions have to be covered at some time, the last time we had this discussion exactly two years ago some shorters went bankrupt, this is a new opportunistic beginning.