Is it too late to short ATM ? ;)
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Is it too late to short ATM ? ;)
Sincerely hope you will recoup some if not all your losses through the class action, couta1.
4 downgrades in a row and with the company providing bullish commentaries with each of the downgrades, save the last one, showed something seriously amiss with the board and management. Especially with the sale of shares by them just prior to the first downgrade.
Given the billions of dollars wiped from the portfolios of shareholders over the period of the profit downgrades, there could be bugger all left in ATM if the court case is successful.
And remember this - ATM is an NZ company and the Aussies love nothing more than working a NZ company over.
I'm calling this will go nowhere or at best as you indicate a few cents worth.
Curious what amount insto's held during this period but profited by SP going downwards with those 60m shorts and daily traders playing a part. Am I correct losers pay both legal costs and wonder if there are any IRD implications here for Kiwis who expose themselves as traders.
Filing in Supreme Court in WA in the Burnt Land over the way - wasn't it ? ;)
I wouldn't be so sure of the Aussie Justice system delivering only cents in the dollar ;)
it might be different here with a Kiwi beak presiding however .. but it isn't, it appears ;)
https://www.slatergordon.com.au/ Nice lady has a good message for you.
Maybe some reflections on what learnings you can take away from this fiasco could be a good idea...
We all know how deceiving shorts are masking today's combined 14m trades been used to reduce their positions on shortman.com
But today was not about a2 S&G class action but reduced stimulus and 0.5% interest rate increase announced by NZRB
No nightmare just ALL FREE :p DREAMS and well positioned on housing and retail.
Wow:scared:. I always try and make a positive out of a loss. If you are a trader then you will not have to pay tax for a long time on all your gains. Beagle would know more about that sort situation than me. I remember someone saying something a while back about a lot of investors became traders in the 1987 crash. Good luck with your future trading and make heaps of money tax free for a while:).