Getting real sick of seeing sh!t like this..
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Hang about, bucko. I'm not pulling numbers out of the air, or anywhere, for that matter. My numbers come from looking at the chart, I have been saying for a long time, longer than my earlier post on this, that this is going to hit 17$, now, the support is not strong at these levels and there is no evidence of sustainable buying that would imply a potential turnaround.
As I said before, 8$ here we come.
Perhaps you and fellow believers might be better to put your heads somewhere - the experience might be more pleasant than watching this tumble further.
Drongos.
Glad to see nothing has changed :)
Chill people, please. Geez.
So what prompted the AFR to report those figures and the listing date?
No/few new shares then? Just selflessly selling existing shares as a publicity stunt? What is the cost of this exercise? How does that compare to advertising/streaking at the super bowl? Why not try that first?
If it was unwarranted then it wouldn't have been trading there.. I didn't see anyone saying.. don't buy it, it's at least double the value it should be! Short term trades only.
I just don't know where the value is in this company any more.. Rod I think it was was expecting a around $25 price.. I figured this was safe? Maybe some bouncing around the lower twenties?
If I had known there was this much of a drive down.. It's like someone wants it dead.. a quick bit of news and it spikes up then it just gets dragged down further and further like everyone's forgotten it was even trading there or the news ever mentioned.
Now I'm at the same position I was four months ago.. will it hold any sort of value at it's current rate or will it tank further? My gut tells me it'll tank..
Yet I still hope it won't but if this has taught me anything it's this.. don't ride on hope.. but it's so bloody hard not to..
Then you got the ones cheering on $10. Woot! drag it through the mud! I'll buy at bottom dollar I'll get filthy rich!
Yeah off other people's backs mate. Not sure what's more sickening TBH. But then this was happening at $30 for $17.. and look how that played out.
It was a bad move to even consider this long term... hard to believe it rode so high on market sentiment.. you'd think the company or the NZX would reign it in..
Anyway...
Ry, I suggest two books for immediate reading.
1) A Random Walk Down Wall Street by B G Malkiel to understand why timing is everything if you're going to play this short-term game and why long term holds are the winning way for the vast majority of investors.
2) Dot.Con by John Cassidy to see how things get hyped all to hell and why wearing the "rational hat" never works with bubbles.