Very much so, people should stick to what they know well and have a preference for.
I have a slightly different view of stocks, I generally assume the management are lying through their teeth and work backwards to try and and prove that assumption wrong.
I have no confidence at all in regulators to fix the problem based upon my experience with them, short sellers are always first. Like Marc was with housing in the U.S leading up to the GFC before the U.S. regulator crushed him and rewarded billions of dollars to the fraudsters.
Having said that my personal experience is more NZ than Australia, I was very impressed by the takeovers act and the first strike rules over your way. It's not a problem I will ever have to deal with, a class action best wishes with it. I would rather focus my efforts at buying stocks for between 25-50% of their worth and holding them for the long term recovery.
There's little value for me in these forums, would you mind to tag me if they recap this one?
SGH Price at posting:
26.0¢ Sentiment: Sell Disclosure: Not Held
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