RE:RE:A few thoughts about the Short cancerceremony wrote: interesting theory. but lots of names that have been down a lot this year are up today. like pony. Intersting that pony is doing better than pey the last couple of weeks. I have a theory about that....
But there is hope! winter is right around the corner. and the shorts may be forgetting that winter tends to happen this time of year.
BSdetector2016 wrote: I think the extended short attack also has to do with the knowledge that there could be a lot of mindless selling during tax-loss season. Couple that with Norwegian news and you get a cascade sell effect. There seems to be an obsessive focus on the dividend but all it will take is a bad winter (and there's one forecast) to get the payout below 100%. I think that once tax-loss selling is done, and people see what a bargain Peyto is, there will be upwards pressure on share price. The problem right now is that too many people are willing to take a loss and sell into this foolishness, which in turn feeds the shorts. Drying-up the shares available to short and stopping the mindless selling is what will cure the problem. Winter will do the rest.
PONY is the most undervalued and will likely outperform. PEYTO is about dividend and different business model. Both have stellar management, IMO.
Someone once said:
“The best thing that happens to us is when a great company gets into temporary trouble…We want to buy them when they’re on the operating table.”