Ann: Market Update, page-101

Since when has Mr Market been a voice for reason and valued good companies appropriately??

Ben Graham said that "In the short run the market is a voting machine (as it was today) in the long run it is a weighing machine" (that values companies based upon actual financial results.

I would imagine every other accountant who read the companies announcement today would be thinking along the same lines as myself. Storm in a tiny tiny teacup IMHO. Glad to have SGH in my portfolio at last and expect to be $20k up within three months. Happy to wait patiently whilst the ignorant masses count their losses.
cheers W2