Originally Posted by
Chippie
What is the point; obviously there are people with so much superior knowledge to me on Sharetrader.
To be honest unlike you Balance (who must be very rich due to your superior knowledge and trading expertise) I have a day job to cover the bills so I only check in here from time to time.
Unicorn covered this for me when he said “Meanwhile some people will panic and lose money, others will be more rational and will make money” and “it will take a while to stabilise”. There is no point in buying back shares when the market is like this. To be honest I personally do not think there is any point to buying back shares at any time.
I have a paper loss of >$100K on NZO since the Pike explosion. I have as much reason to get on the case of NZO management but choose not to. There is no problem if people have different opinions, but if you do not like a company then just make sure you do not hold any shares.
Not much to add to this really.