Some big names behind TEN, such as Murdoch, Packer & Reinhardt but it still folded with ordinary shareholders loosing their shirts so big names buying in is not the be all it seams. HIH, Pan Pharmaceuticals are a couple of other ASX listed companies that folded taking ordinary shareholders capital with them. BUB is behaving like a trading stock and for the gambler that is great. Investors who like to preserve their capital might want to tread carefully as BUB is not for the feint hearted. I have successfully traded this stock hence my interest but I am ultra conservative as the price is not reflected by the fundamentals at the moment in my opinion. The trend is your friend but its not always as clear cut as that; another lesson learnt over the years of trading. Know when to fold them. Greed and Fear are the traders two worst enemies.
BUB Price at posting:
61.5¢ Sentiment: None Disclosure: Not Held
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