RE: I am still an optimist27 Sep 2019 19:25
But is the short position really that big anyway? PAAA corrected me earlier this week on this. See below. If correct, then the short position is negligible.
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“we are still in the top 15 shorted companies currently”
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An ostensibly compelling statistic, yet, when you allow for Highbridge’s 2.15% and Polygon’s 0.72% - both of whom I recall are only hedging their long conv. exposure from ST1 - then at 3.66%, that would put our traditional short positions somewhere on a par with the likes of Tate & Lyle, Capita or, even ASOS. That doesn’t seem too alarming, does it?
First impressions aren’t always the correct ones.
Regards,
per ardua ad astr