Ann: Trading Halt, page-112

Hi SoS. I'm not sure if this directed at myself or not. As you have yourself stated let's wait and see what occurs.

As to whether the retail holders are more loyal than sophs or institutional holders, I would say no. You give retail holders more credit than they are due. Although some here may be the exception to the rule, I would say that most retail holders are fickle and disloyal. You only have to look at the Comm Bank top 10 sales to see that many exited out of fear that there were delays in Tabba Tabba. Didn't take much did it. A small pullback and some doubts.

Attempting to rely on such fickle people for funds is not not wise. If many reading these forums could so easily sell out to crystallise profits out of fears of delays, I would not hold much faith in them to not sell and earn a stag profit.

"...Even apart from the instability due to speculation, there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than mathematical expectations, whether moral or hedonistic or economic. Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits—a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities..."

On the other hand, watch these same people trip over themselves rushing back in should the announcement be a cracker, which I think it will be.