Wasn’t long ago share price hit $1.39 and today less than a buck.
Those who got the deal of the century a month ago with the 250 million Macquarie discards must be a bit gutted now
Trying to have a feed out of the big dog's bowl was never going to end well. I would have thought people would have learned that with the last placement they engineered.
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
yes but we all know these lower interest rates create mal-investments - projects which under any normal economic scenario simply wouldn't stack up. I guess the concern is that one day interest rates will have to normalise even if the central banks don't want them to.
I don't know if reducing rates further was the right reaction to a fear led market downtumble. Sadly, we may see the consequences of this later on ?next year with a similar pseudo-recession type phenomenon taking place in the market. A trader may argue this is a good thing to help create pull back for buying opportunities - glass half full.
Harbour and Jarden seem to disgree. Both reducing their holding this morning. Or am I misunderstanding the update.
Gutted I was in meetings yesterday and missed out on the 95c shares.
Be patient, I think you'll get another chance.
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
Reply With Quote
.
Bookmarks