Risk and reward are not always intertwined....this situation is called arbitrage....you should be talking about asymmetric payoffs.....which I don't think ADO is atm....hence waiting is smart...as for a lot of smart people waiting they have saved a lot of money as the ADO share price continues its downtrend plus the potential opportunity costs.....the interesting thing I find is when will long term holders say "we might have got this one wrong?". This very statement shows humility.....
Gold Coast Investor Showcase June 2015, page-48
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