great opening, page-19

I doubt he will do a raising for at least 3 months- listing rules. Also, why cannibalise money he will want from shareholders in Axe and Kidd, and JBFG? I am sure that will come though, it is the nature of all LICs to do this

This is the post-hubris ease back I expected. I still expect to be able to pick up the BHDs for low $1.0's, and the Oppies for around 15c. My main problem is, those who wanted to sell have had $1m volume to do so. It means those of us still in, are in because we want to hold. End of day I'm talking a $5k pick up here, so Its like haggling in Bangkok, you go back and forth back and forth, and then realise your arguing over 20c. I've done that plenty of times then left a $3 tip. Keep the change. Must confuse them.

I saw a fund manager once in a presentation and he said if you really want to buy a stock because you think its great and is going up, but you say you'll wait for it to fall 5 or 10% before you buy, most of the time you'll only get filled if you are wrong about the stock. So if you like it or hate it, take the bid/ ask. Its a fair point. Of course 10 years later he's out of business I think