IRC? Hm. I reckon the CEO comes in once a fortnight, makes a cup of tea, opens the mail, watches Oprah, then goes home to rest for another fortnight. He even said after last CR that there should be no need for another CR for a few years. Why? Cos they don't spend any money cos they do anything.
How many woofers (i.e. Dalmations) are there on the ASX? Seriously, I reckon the STT has gone through just about every one of them by now.
But the game is to go with the currently popular stock picker. Giz is popular so IRC should rise, Some poor holder will say, "Ah, there must be news coming." Timbo will say it's the greatest stock ever and it's on the way to the moon. Meanwhile, the newbies will be buying Giz's and Timbo's sells, and a week later - holding at half the price the newbie bought it for - he'll timidly ask, "So, Timbo, what's your long-term price target."
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- STT W/end Lounge 11-13th July
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