Ann: Results of Meeting, page-75

Yeah so by virtue of the fact you are claiming "sometimes there is no logic to pricing" you are agreeing the market isn't always right?

What seems like a philosophy that fits closer to what you're trying to say and one that I don't necessarily disagree with is that "the market can stay irrational longer than you can stay solvent". Not everyone has the capacity to ride out mispricing for extended periods. This is why downtrends can perpetuate until news intervenes or price overshoots.

IMO only I expect we might see both in the next 6 weeks but that doesn't mean there isn't going to be some discomfort during that time. Plenty are probably already feeling unhappy looking at share price.