Buy dear sell cheap - not the best strategy to conserve capital but this is what greed and (currently) fear makes some people do ...
I don’t think fear has anything to do with it. Probably pissed of ‘investors’ giving the one finger salute to a delusional Board and Management who has emptied their pockets and have not delivered on the promise of increasing eps from acquisitions etc etc etc
Old hackneyed Buffett phrases make some feel comfortable ..... but quotes like ‘Radix malorum est cupiditas’ may have more meaning
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I don’t think fear has anything to do with it. Probably pissed of ‘investors’ giving the one finger salute to a delusional Board and Management who has emptied their pockets and have not delivered on the promise of increasing eps from acquisitions etc etc etc
Old hackneyed Buffett phrases make some feel comfortable ..... but quotes like ‘Radix malorum est cupiditas’ may have more meaning
Hmm - not quite sure I understand. The only logical reasons to sell these shares at this point in time I could see are
1) if people are (rightly or wrongly) concerned that the company might go belly up (I don't see that, but it would not be the first time where companies did that and I did not foresee it) or suffer a permanent drop in earnings ...
2) if not diversified investors need their money at this point in time (Ouch ...).
3) Investors following beagles forecast and selling them now to buy them back at a predicted $1.60 (or was it $1.57?) bottom. But than - given the market depth it would need to be a small number of cunning investors with not too deep pockets and lots of luck ... (with all due respect - nobody ... not even beagles can predict bottoms )
I understand as well that people might want to give a signal to a greedy (here is the word!) board ... but selling now might be a quite expensive signal (and would it really hurt the board ...?);
So - how does greed as the root of all evil come into this discussion?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Is that you bidding for 5000 at $1.60 Beagle, the only live bid.Lol
Originally Posted by couta1
Don't panic the troops have arrived to support the $2.20 price.
Yeap...you can count on FCNZ to manage it down in an orderly manner.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by winner69
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