Ann: Appendix 4C - quarterly, page-391

The flip side would be sell into exhuberance.

One wonders if that's exactly what's happened and the smarties have left (or are leaving) the party and no longer participating in the commiserations.

Either some of the most vocal supporters have had a change of heart and the 'cheap' shares' are now too cheap, or perhaps penning a new summary thread to help newbie IAM investors understand what a bargain they are missing out on?

There is not much unique about what's happened here, some will come away shell shocked, convinced the system is rigged and possibly never try for a punt in the spec end of the market again.

Otherwise will always love a punt, keep chasing the dream and probably keep seeing the same outcome.

And the luckiest few will look back, see what was said, when, what the market reaction was and dissect exactly what transpired. For those few, they may do very well indeed.. seeing the same thing play out elsewhere and use their newfound observation to their advantage.

Ultimately though, the moral of the story would seem to be, school holidays really are problematic and if you are trying to outsource things to the phillipines be sure to check the dates and make sure they don't overlap with your asx reporting obligations.