29 February, page-4

Tumble, my view is stops will be useless. The reason is current SP is assuming company failure. I feel it is past the point of what the first half reports on financials. This is now all about what the lenders do. Assuming the lenders continue as is (or convert part debt to equity) then that is the reassurance lenders believe future cash flows will service debt and provide a return equal or greater than discount rate. If anything else then confidence is gone and no stop loss will prevent an opening fall of mammoth proportions.

Needless to say, I feel we will be fine. Who knows how the market will react, it could explode upwards or take a more sedentary rise as potential investors weigh up an entry.

If seriously worried then it might be prudent to take off market before and take the risk of missing out on an initial gap up. Stop loss don't help, if it is to decline it will violently I think.