That be for tomorrow winner, plenty of bored reef fish to keep selling their small bundles for a big % loss.
I don’t think fear has anything to do with it. Probably pissed of ‘investors’ giving the one finger salute to a delusional Board and Management who has emptied their pockets and have not delivered on the promise of increasing eps from acquisitions etc etc etc
Old hackneyed Buffett phrases make some feel comfortable ..... but quotes like ‘Radix malorum est cupiditas’ may have more meaning
Hmm - not quite sure I understand. The only logical reasons to sell these shares at this point in time I could see are
1) if people are (rightly or wrongly) concerned that the company might go belly up (I don't see that, but it would not be the first time where companies did that and I did not foresee it) or suffer a permanent drop in earnings ...
2) if not diversified investors need their money at this point in time (Ouch ...).
3) Investors following beagles forecast and selling them now to buy them back at a predicted $1.60 (or was it $1.57?) bottom. But than - given the market depth it would need to be a small number of cunning investors with not too deep pockets and lots of luck ... (with all due respect - nobody ... not even beagles can predict bottoms ;))
I understand as well that people might want to give a signal to a greedy (here is the word!) board ... but selling now might be a quite expensive signal (and would it really hurt the board ...?);
So - how does greed as the root of all evil come into this discussion?
Is that you bidding for 5000 at $1.60 Beagle, the only live bid.Lol
Wonder if guru management will do another round of Investor Roadshows soon?
Mind you 'Investor' per se isn't really appropriate word for Turners