News that Simon Cawkwell aka Evil Kneveil has opened a short on QXL has led one to believe that he and other failed shorters of the stock are getting increasingly desperate. The reason is that Mr Cawkwell decided to go public with a letter to FTSE complaining that because two holders have secured 54% of the stock between them it does not deserve "100% investability status".
QXL's record over the past year has not only been shorters being burnt, but investors realising the huge potential of the stock over the coming years. With Poland due to be returned shortly and profits rising sharply in Europe, QXL could once again end up with the leaders in 2006.
Shorters not particularly welcome on this thread, but intelligent long-term investors particularly are.
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