RE:RE:RE:RE:12 million share short poistion in USI don't think anyone is betting on a miss due to Brexit? The FX rate was good for 90% of the quarter. If they are banking ona miss, it's not due to Brexit.
My guess is they are betting on materially lowered guidance for second half of the year and maybe some panic will ensue. I personalyl think that is priced in already, but sheep do panic as you said.
The FX rate took a dive right at quarter end and that will actually serve to materially reduce the USD denominated GBP debt on the balance sheet.
GoldBug024 wrote:
The shorts are all betting on an Aug 11 miss due to brexit, the sheep panic and sell, they cover.