marketesq is right. Why short a stock that has probably bottomed and is on the way up with strong technicals added to its fundamentals?
Your statement < I am short at 13 and I will short more at 14, 15 and 16 and just hold until 8 is reached> makes no sense at all. It just shows you have a mindset you cannot alter. You will be killed financially shorting this stock on the way up. IMO. Take a cold shower and look closely in the mirror. Its time for a checkup from the neck up.
you are the greatest fool of all if you use p/e ratio to value stocks. i see 13 as a sucker's rally so naturally i think the downtrend will continue and halt at 8 per share in the next few months. 8 is my fair value target for AUO. I will be long AUO at 8 just not at 13, too pricey. Lot better value out there right now. I wish you luck my friend, you will need it buddy ;-)))
The trend is down and I expect to see $8/share in the next four months based on the momentum of the downtrend. I suppose you will not be on this message board when it is trading at $8. I will be here until $8 hits and then I will cover and move on to the next shorting opportunity. This is golden.