Most not playing that game though, just 1 or 2, so the hypocrites are few.
I have nfi why you would buy a share at 12c and then sell the same share at 12c or slightly above or below. The sophs from the last raise seemed to have sold their heads at less than the CR price and then watched as the oppies almost got voted down and were nowhere near the money
Sophisticated investor status should be revoked for anyone that sells the heads at below the buy price to supposedly "free carry"
For me a 12c share purchase is the main game. I also siezed the opportunity to load up at 11.5c during the recent trough. Oppies are a bonus gift that may or may not be of value in the future.
1 million shares bought at 12c and sold at 38c is $260k profit. Not to be sneezed at, and 38c is an early target not the end game
IVZ Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
