RAK Rakon

[Balance]

And finishing the week on 20c, I note with over 4m shares traded.

https://www.nzx.com/markets/NZSX/securities/RAK

It was only two months ago on 22 January that Lazy Larry told us he bought 80,000 shares at 37c.

I genuinely feel for the guy if he is still holding. I'm sure he is because he said he was going to average down all the way to 10c. On 19 Feb he told us he bought more at 25c. I wonder if he is still buying?

Really feel for the guy too, STC.

I did some averaging down of shares (ouch, ouch ouch!) as a novice investor (and is still tempted from time to time) but learnt the very hard way that averaging down is dumbing down 9 times out of 10.

What is at extreme fault here however is the directors and management of this company continuously giving the likes of Lazy Larry false hopes and expectations.

Harbour Asset Management has clearly had enough and bear in mind they are professional investors with direct access to Rakon's management and directors. That to me speaks volume.