macquarie, page-6

"it must have been planted by one of a) the shorters b) trademanic c) an imbecile or d)webspyda in consultation with noclujo."




Lol, that's priceless. So A is shorters & B is Trademanic.


So, let me take a few moments of your time seeing as you mentioned me and I'll tell you how this will play out. I'm not privy to any coffee house rumors, like some. So, I'll just give the bare facts.


You explore, you find & you sell. You all with me so far. This has been sold for 600 mil, take off tax and a few other things might leave 500 mil. I'm not an accountant so let's not quibble. That's to be paid if deal goes ahead. rest of money to be paid on certain criteria having been met. Anyone got any idea how long 500 mil will last.


Correct me if I'm wrong. This was a $12.00 share. So having sold just about everything, who is going to buy into this company to get it back to $6.00 let alone $12.00. On a side note do any of you long term holders know how much it has cost over the last ten years to make $500 + mil. If you do the maths it's staggering.

On a technical note. This opened on positive news and did exactly as I said it would. It dropped. Now there's a tight trading range between 336 & 357. So in basic terms if 336 goes you'll see this back under $3.00 very quickly. And alternatively if 357 goes on strength it may well retest today's highs circa $4.00 once more.

That's of no use to anyone bar traders who may take advantage and trade to make profit. It would also be of use to long term holders who have lost a packet and are hoping to get some losses back. It's not financial advice it's just very basic trading. To buy a parcel long today after an open on positives and a subsequent drop to 336 would be pure gambling. To buy on either support or resistance breaking would be trading.

I don't care much for the term "shorter" as I feel any trader in this market that limits his trading to one direction is doing him/herself a great disservice. I also don't like to see posts like "burn shorter burn" so a fair bit of egg on those faces when you consider no shorter could have been burnt today as badly as 99% of the "long term faithful" Old yeller was a great dog and faithful, he still copped a dose of lead to the back of his head. It's not personal, it's just trading. I really hope most of you do well, but in all honesty I think you need to understand the market better.


All in my opinion of course. I get fed up seeing post after post of the positives from long term holders who have lost a bundle. Just tell it as it is. And until the thread says for Long Term holders only, everyone is entitled to post.