Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Further to my article of last week advising selling shares in both Argos Resources (ARG) and Borders and Southern (BOR) I now go into more detail on Argos which at 7.25p looks a stonking short – target 1p (and I am being generous).
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Comments
Babayaro
This strikes me as a totally spiteful post just to piss off ARG holders following a post on here just 2 days ago.
High quality writing on ShareProphets, but you are looking out of your depth amongst the writers on here – your conduct on ADVFN of late has been terrible. Spamming boards and taunting.
Nothing but a ramping exercise to get any backing behind FOGL and RKH that I imagine you will be deeply underwater on judged on your holding time.
AussieBear
I would not call this stock a stonking short just because it is overvalued.
Stocks like this can drag on for years before going bust, with many pumps and dumps along the way.
Not much fun holding a short position with high stock borrowing costs through all that.
Thats assuming one can even short it at 7.25p.
A stonking short is something like Quindell, which is about to collapse due to PWC report,
or iGAS or Afen which are about to default on debt.