This may be another example of what I was referring to above.
Again not a dig mate just a reinforcement of the fact that:
1. The markets aren’t fair or reasonable 2. The big boys don’t care about retail or even small sophs 3. What seems logical and fair does not apply here 4. Yes it will be oversubscribed, but not by us and IMO it would all have been known about in the last few days hence the jump to help those in the know offload some stock in high 2’s so that can replace them at low 2’s
Its just the way it works and we small fish must just try to swim as close to the sharks as we can taking some of the spoils along the way without getting eaten ourselves.
Although approaching my investments with that mindset often makes me come across as a downramper or overly negative to some posters it helps keep me and my expectations grounded.
BNL Price at posting:
2.7¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)