Be Careful What You Short
Shorting on valuation alone is a risky business. Nine times out of ten, the analysis is sound, it's clear the company in question is overvalued and should be due for a re-rating. However, it’s often difficult to maintain the short position for the required period as there’s no telling how long market exuberance can last.
How successful are short selling campaigns?
A recent article by Alon . . .
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