BLT - Blis Technologies

[simla]

And let's not forget the product.

" A study in the Journal of Sexual Medicine discovered that men in their 30s who had periodontal disease were three times more likely than those without to suffer from [erectile dysfunction]." http://www.mensfitness.com/leisure/b...to-your-health Courtesy of the Blis facebook page.

[buncs]

Buncs, not sure what winner is rambling about, maybe all those random dots and dashes are some sort of code?
In answer to your question, it would be a combination of factors such as a very small market cap, very low (penny) share price, very low volume, holiday shut down, as well as other variables. So not really surprising to see BLT make big moves either way, any trading will likely cause relatively large changes, might well be down 20 percent the next day.

You cannot really compare trading versus gambling on the ponies. Put $1000 on a horse and it loses - zippo. $1000 on a stock and it loses, you still have most of your investment. How rare would it be for you to lose all gambling on a stock? I have seen lots of odds-on gee-gees beaten at the post.

[buncs]

Also, with stocks, you can bail out if it starts to falter.

Try going up to the bookie (or the TAB) and asking for a refund when your horse starts to drop back in the field, or when your Rugby team is 2 pts up and the other team have a last minute penalty right in front of the posts.

[winner69]

Buncs, you may not have had the awful experience of selling into panic with a penny dreadful.

Who will buy your shares if there is catastrophically bad news for a company that no one likes or takes seriously?

You are ascribing blue chip depth and staying power for a company which is frankly, up against it in a sharemarket crash.

If there was a 20% crash or even a 10% correction, people will realise that Ryman, Fletchers, Mainfreight and Kiwi Income Property Trust have loads of assets to back up the company, and any big drop would likely be irrational against fundamentals. While the share price drops, Ryman still spits out cash from retirees....

But what of Blis? Who would want to buy a grossly undercapitalised penny dreadful in a crisis that has never made a profit and whose product is not well understood, not well distributed, and not well marketed?

It is very easy feeling smart in a bull market. Penny dreadfuls look like undervalued opportunities. The question is how smart you are when the bears come growling.

Bunc's post suggested he had all the traits of a gambler and I was sort of in a round about way saying that gambling is probably better off being done at the other exchange like the TAB or the casino. Gamblers on the nzx invariably lose all their money ...so buncs may as well have some real excitement on the horses or the roulette wheel ....that way you can always see fortunes being made or losing your money

Like your story about faltering markets .....like buncs says if they falter you lose your money .....and if they break a leg they normally get retired, like shot and put out their misery......sounds like BLT eh. Some places like betfair one can even lay things, like back them to lose ....they tell that option not available for BLT

Go the cowboys ..... A 106% gain over the weekend pretty good eh ...almost risk free

[skid]

Your right,but some might take that risk at 1.7 cents--wouldnt have been so good at 12cents though

[winner69]

Looks like I going to lose my money.... warriors must have taken some medicine or something

better stick to gambling with shares .... losing takes longer

[winner69]

Looks like I going to lose my money.... warriors must have taken some medicine or something

better stick to gambling with shares .... losing takes longer

LOST --- there's still next week .... might try to pick every winner in a multi and win $250,000 like that dude in Wellington did a couple of weeks ago

The way the Cowboys played you would think they were playing to lose ... ah that's it .... the match may have been fixed and the only winners are the insiders ... just like the sharemarket .... sorry those remarks are completely uncalled for - theres no drugs or cheating in the NRL and the sharemarket is as honest as they come with no shonky inside dealings eh

[winner69]

Lesson 1 = history is a poor predictor of the future. After 11 straight losses there was a strong trend in place but lo and behold the record was broken and the warriors won. But then again the odds were still 50/50 on them winning eh ... so this sort of portents good fortune for BLT one day

Lesson 2 = there's no such thing as a cert, unexpected things do happen

Lesson 3 = I accused everybody under the sun of all sort of things - the lesson is it was me who erred and shouldn't blame others for my bad decisions

Maybe Lesson 4 after next week .... don't try to catch falling knives .... I lost this week, do I double up next week to get my money back? Of course else I will crystalise my lost and theres still plenty left in the TAB account to play with

[winner69]

I am like Fat Tony ....a realist

That Taleb fellow always interesting .. I read Fooled by Randomness at least once a year just to remind me that things are often just random .....but his latest work Antifragile is a heavy read ....I think I grasp the concept but boy the book is hard work

[skid]

Not saying this is the case but that ''doubling up to win back losses is a classic in the gambling addition archives''
They say''He who fights and runs away-lives to fight another day''