Quote Originally Posted by dreamcatcher View Post
Took a $10000 loss on this one and probably NEVER invest in MPG again
The market has an extremely long memory, your loss will not be forgotten nor will the losses of many other 'dreamcatchers'. MPG is unfortunately tarred inexorably from its shonky IPO and may never recover from it, or even it does recover some day it will be broadcast here sufficiently early enough for one to action it.

Take it on the chin, a lesson learnt. Listen to the advice of those who are truely experienced (I don't include myself in that definition) and graciously offer their wise counsel here and stick to proven earners with solid fundamentals and great growth prospects with SP's that aren't being beaten to a pulp by negative sentiment.

There are only a handful of companies on NZX that are left in this topped out market that fit the definition and the guru's posting here are all over them like a rash. MPG isn't one of them.

Everything else is very speculative, especially NZX IPO's that are not government-backed.