I'm warming to gbo again after cold turkey...26/7p sounds about right; below 25p amazing; sub 20p absurd (but of course possible)
...as you say, plenty scared..TW, Paul Scott etc etc have done well ...so betting against them seems brave/foolhardy
...but they may be wrong here lol
have you followed the US high yield market this summer???...it has crashed partly cos of distress in the energy issues (frackers)...who are the largest issuers...not gbo specific
shorters have had great success elsewhere...but have they misjudged gbo?
...place yr bets when the sp seems right for a massive short covering...25-28p looks decent zone
...below 20p?? Difficult to justify unless you believe there is fraud or something v v v similar?
margin of safety trading makes sense...esp with daft shorters at work lol
...I am a LTH (to use that much discredited shorthand), who is happy to hold my free carry to £1++...and trade at the margins
...different strokes
credibility perhaps over rated if that is the case..it's money made that matters..your posting hardly inspires me..but each to their own
...you mis-remember..it was fg01 who predicted sub 20p