paul from edi, page-26

Quote: "When the market turns and it will ther'll be 500% gains in spec stocks all over the place because that sector has been punished more than any other and imo will bounce just as hard."


The current economic climate has destroyed the blue sky optimism that used to surround the speccy stocks like SBN. Companies are now valued on their assets and proven revenues. This is a VERY good thing.

If "investors" start pouring their money into companies like SBN (in it's current state) then we have learnt nothing.

Don't kid yourself that buying SBN shares or options at the moment is investing. It's gambling - pure and simple. And it's not even a good punt compared to other forms of gambling.

PS - for those who said a couple of weeks ago that the buy side is "thinning out" - it's not thinning out, it's just that the sell orders have expired and therefore they disappear.