Any person who shots BT at this point, is taking an incredible gamble. BT has almost risen about 90% since its March low of $9.00 and change on the NYSE. Management has done a fantastic job in cutting jobs, trimming away independent contractors, consolidating departments, executing extreme cost cutting measures. (no bonuses and no raises). Besides implementing these measures, they are also rolling out new products....read the news on the web..it is not secret or proprietary....it is public..over 99million pound contract with the UK military, and, the big news....fiber optic...BT has the intention of eventually bringing fiber to all households in the UK. Sure, it will take years and years...but they have begun. BT retail will deliver a great product. Likewise, GS, the bad boy that brought BT tumbling down, is getting its act together. People have been replaced, consolidation is taking place, and more heads will be sent to the unemployment chopping block. But in the end, BT will once again trade at 5 pounds a shareon the FTSE and around $50 on the NYSE. Over night, no. But in time. This is a great long term investment. I can not imagine why anyone would consider shorting this stock. GO BT!!!!