ChaulmoograOil

Let Thornburg's Demise Be a Lesson to You

The many earnest, "helpful", thoughtful and articulate negative postings on this and other Thornburg threads (urging us to sell all our Thornburg shares NOW for our own salvation) suggest to me that some short-sellers are not looking forward to the pleasure of covering their shorts if Thornburg holds its approximate current value for now and then increases "irrationally".

If the irrational stock price increase occurs, the massive short-covering would accelerate it, pushing TMA prices up, and make things even more "irrational" -- except that the price will really have been going up and will thereby have rendered the irrational highly rational, retroactively. Such is "reflexivity" in securities prices (George Soros' theory).