RE: The best is still to come5 Nov 2020 08:21
Morning all - a few responses received last night - i'll try to answer them all in one:
I should start by saying that I only messaged the board yesterday in response to what appeared to be a distressed PI. Losing (paper) money is unpleasant and whether or not Stu is down with Metro I wanted to provide a bit of positivity / my take, which is the opposite of the majority of posters that regularly use this forum.
It's a sad (but expected) fact that after a ray of hope a follow-up message attempts to spread further gloom, doom & doubt from someone who has clearly wanted to contribute to the demise of the share price. You only have to look at his/her previous posts to deduce this. This is shorting 101 - i.e. a tactic employed to weaken a PI's resolve and encourage selling. It was later followed up by a less intelligent & typically opportunist post from nomlungu explaining why 'shorting is a good thing'. Again I've seen this so many times before as a way of justifying the excesses of this practice. In a quick response to this article from 2018, the 'Oracle of Omaha' states 'there's nothing evil, per se, about ... selling things short'. I totally agree with this and would add that it only becomes ethically wrong once it is taken to it's extreme - aka metro bank - a company now valued vastly lower than it's actual worth AND potential going forward.
Theosus - Metro know their bank is not worth just £100m. I would go as far to say it could 5-10+ bag from here overnight so I don't think Amers is wildly wrong if that was his comment.
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