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And surprisingly it's is one of our ST's top 5 picks!
Ouch..
https://sites.google.com/view/nzsharepicks
So?
Cool as chilled champagne with caviar on a lovely warm autumn's evening overlooking the harbour.
One word - Diligent
None other than the high profile Milford & (supposedly highly respected) Brian Gaynor got that one horribly wrong.
Why? Probably because they were reading some of the alarmist postings* on ST from certain posters when the sp dropped by 50% and then, proceeded to put on 200% after that.
* Word is that they were themselves actively bad mouthing the stock.
Would not have the most basic of idea about AFT - if it is worth $5, buy it!
You stick to your strategy while I stick to mine.
That’s why it’s a market and why wonderful opportunities are presented for those who do their homework, and it’s such a pit of pain for those who have no idea.
One word - Diligent
Another word - CIL (later renamed Montana)
Yup - they sold out, proceeded to bad mouth the stock in the media at every opportunity, spooked the hell out of the nervous who bailed out all the way down to $2.56 from $6.00+ - and then, as we all know, DIL was taken over at over $7.00.
I believe a complaint was made to the FMA or NZX that Milford was attempting to buy back the shares they sold out at the lower prices? There were definitely rumors in the market to that effect.
My work place banned business travel up to 4 weeks. See...how many businesses will do so? I afraid...SKO will go down to $1.... careful there holders...