Well said Rupert, as the saying goes if you want to feel someone's pain then walk a mile in their shoes.
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People lost a lot of money with CBL too but I didn’t see the same hostility or name-calling towards the CEO on that thread. CBL losses are permanent whereas ATM losses are not. ATM has always been volatile and it will bounce back. I previously said that women are judged more harshly than men when they make a mistake in the business world and that is what I see on the ATM thread. With women the mistake is often used as evidence that women are incompetent whereas with men the same mistake is brushed off or ignored. Double standards = sexism.
We all lose money in individual stocks at least occasionally in the share market. It is how it works.
I, you and them have no more right to be upset this time then any other time and if we need to put so much emotion into vilifying someone else then we should get out of the game.
It is interesting on NZX we are down by 1% and Oz gained by 1%. Hopefully the SP shall bounce from here??? BTW don't know if it is a good thing or not UBS has reducing their holding a little. May be it is if they are shorting...
Found this article. Not a good news for atm I guess. DSC: used to hold some.
https://www.bloomberg.com/news/artic...customs-checks
I'm well seasoned in selling for a loss from time to time, don't have a lot of emotion about it, however this situation was unprecedented in that a CEO sold ALL her shares after being in the job for a couple of months. She is a Trougher of the highest order with a history of the same so yes people are going to get upset, anger and frustration are completely normal responses and have nothing to do with whether one should get out of the game or not.