Originally Posted by
Blue Skies
The exuberance for this stock over on Sharsies is unbelievable.
Many seem to think it's a win win situation, either the SP will go up or the Govt will bail the airline & therefore the small investors out, with no understanding of the business or the Govt convertible loan or the dire predicament AIR is in.
A bit tragic to see posts like, 'I am so stoked, I invested money for the kids yesterday with air NZ & overnight they made $38, such fun'.
A loan voice posting a mild warning of the risk was met with a criticism of 'way to rain on a parade, yeesh.'
The awful thing is, on their first foray into shares, some of these new investors are going to get badly burnt & apart from losing money they possibly can't afford, be put off investing in anything other than property.