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21/02/20
14:39
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Originally posted by naomhan:
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Should be a little more balanced mate. I'm pretty bearish on ISX's market value on re-open, but this is a ~$4m investment. Not exactly gambling the house on this one. It's a hopeful development of a new tech. If it works, great. If not, it's a pretty small loss. If ISX were open yesterday, it likely wouldn't have moved the needle, just because of the dollar figures involved. It was very significant for NSX, not so much for ISX. As it is, if you're holding a short position, you'll do well out of this. I'm long at present, and have prepared myself for the open to be somewhere around 50-60 cents. You don't need to worry about HC sycophants - it's been trading at a growth surplus, and on reopen will be repriced with a high risk discount. There are a few who can't comprehend that, but they'll get there soon enough.
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Somewhat agree. In a vacuum, its a good development, esp for the NSX. Big picture though its a distraction. JK is clearly rattled and fighting a PR battle as well. Not focusing on growing core business (at least not publically), but instead on random side projects, snarky announcements and the lawsuit which will prolong the susp for god knows how long. For comparison here's a beautiful clean rebuke - Anta sports, after being subject to a short attack, gets the Lululemon founder to invest a chunky parcel at a premium. No need for a war of wordshttps://asia.nikkei.com/Business/Markets/Nikkei-Markets/New-investors-boost-defenses-of-Chinese-sportswear-maker-Anta