Originally Posted by
duncan macgregor
regardless of your views about NZO or NZOOD something must surely have sunk in to the investor that has an open mind. NZOOD went to over 30c, the heads went to over $1-30 twice, then dropped back on two different occasions. Surely with that in mind you looked at your investing strategy. Options might have been bought all the way up with a running stop loss. Heads might have been bought all the way up with a running stop loss. Its not if the company is good or bad it reverts back to is your system good or bad with the companies that you invest in. I would suggest to investors caught out with the hype and downtrend to look at their methods then learn from past mistakes. NZO cant go above $1-50 by more than a few cents at best on conversion date. At worst they will stay about a dollar. That is what is likely to happen. At best NZO sp will be about $1-55 and at worst where it is today in july of next year, unless they find something new. That is what i read in the market, if you dont take your profits when the market dictates, then you end up playing pass the parcel with the other losers. Macdunk
DiscL sold options at the start at 9c