NWE 0.00% 5.6¢ norwest energy nl

quarterly is out!!, page-48

  1. 2,057 Posts.
    Scezza - it ALL depends on your investment strategy - and if you're a long term hold and forget - sure.

    BUT for anybody who's NOT a long term - rather a mid to short term - this announcement has been anything BUT positive.

    I'll put it this way - if I told you in 2 weeks you could get another 50% of your NWE shares for FREE - would you want that?

    Of course you would - who doesn't want something for free?

    Well - to do that - you'd sell short - wait for a short term loss (which is what we're seeing now) - and BUY again at a later date when the SP is cheaper.

    Same belief in the resource - just that now the mid term player has a 50% edge over the long term holder.

    So you can now see why some - like me - view this as quite a p!ss poor effort.
 
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