Low risk entry yesterday at 0.145 with a stop at 0.14.
This is my best one of the last few weeks!
Bought .145 , stop .14
Current .19
9R profit atmOnly small position though
The chart looks really good, Thou im in it from my mechanical system. Dont know anything about the company..in it for the long run..current stop at .115
cheer
Looks like it's found a bottom again. Credit Suisse subs notice from yesterday seems to indicate that they are accumulating big time. 30 million net buy since 20th of December.
It's very rare to see a company's shareholder essentially committing corporate suicide, but there you have it with NXS.
Seven's group threw a lifeline out to buy it for 2c and take on all its debt, yet it got voted down by holders. Despite the board repeatedly assure holders that NXS will have to appoint administrators if the scheme is voted down.
May be too many holders are sitting at 90% loss to care about the last 10%... but it's still a perfectly good $26m of equity being thrown out.
A great demonstration of irrational behaviour when you mix money and emotion.
when the professor instruct the person doing the split at 50% 50% they all agree to split the cash
but when it comes to 80% 20% or 90% 10% ... majority of them forgo the cash and complained
it is an unfair split and they feel the other guy is ripping them offbut the logical thing is accept whatever it is being offered as something is better than zero
Seven failed to factor in the irrational of human psychology and behaviour, damn I read it in the book and now I see it happen in real life play out in the corporate world
Was this perhaps "Sway - The irresistible pull of irrational behaviour"? You put me onto this a couple of years ago and I thought it was a great read
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