Stop suckering people in. Downside is not reduced. You said $4+ offering coming. No brainer. You said buy at $3.30 as it's easy money. Well look what happened. Two bidders pulled the pin. Now it's a grenade in your hand. You are so deep into Vocus you are trying to crawl out. You're probably at least 80% exposed to Vocus in your portfolio. Don't give people such misleading statements it's unethical.
Vocus is unfortunately not as competitive as people thought. It's the worst performer in the teleco industry. Margins deteriorating, sales way overestimated, synergies not being achieved. The company and industry is so out of flavour. Best spend your time and money in a better industry and company. Just look at Santos, Fortescue or even Kogan. Those ships have sailed but there is always a better investment around the corner. Always diversify your portfolio, cut your losses and let your winners ride. If you follow that philosophy you can't lose. Just remember stocks should appreciate in value but the smart investors manage downside risk by hedging not by doubling or tripling down on original investment. That's a recipe for disaster.
VOC Price at posting:
$2.48 Sentiment: Hold Disclosure: Not Held
