RE:RE:Patrick HoranAnd how much of that 644% in 16 years was from shorting and how much from going long? 644% equates to over a 40% average annual return and they sure didn't make that high of an annual return going long only.
These funds have deep pockets and can and will change direction in a blink and make profits in either direction unlike retail investors that mostly buy long and hold. They might say they're short but are they really, or are they going short one day and long the next? If they're trying to load up on as many cheap shares as they can you can bet they'll tell retail they're going short to scare some more shares out of them. I can't imagine anyone going too short at these levels hence why when that 90K shares got taken out on the bid this morning around $45.50 and the stock rebounded back up past that shortly thereafter. In my experience, the only time these funds publicly tell retail what they're doing is when they're either doing or about to do the opposite.
Investment Snapshot Inception Date: Oct-07 Management Fee: 2%
Strategy: North American equities, Long/short