NBS nationwide building society.

It's nice to see a contrarian here!RicheeThe market may be...

  1. 155 Posts.
    It's nice to see a contrarian here!

    Richee

    The market may be overreacting but it also may even be underreacting.

    Hysteria or not the facts are in front of this board and they are not pretty. Everything points to a company which got drunk on its own potential (Malaysian side) along with being injected by financial mavens who used their accounting chicanery to reward upper management with lots of pay and bonuses. Amidst the tornado of hope we had 800+ viewers here in August on lots of posts, people calling each other to buy all around Sydney, London, etc(info moves fast and rumours love that highway now) and all that hope was squashed in last August. A few of those traders then became "investors" and then the long term investors got a little nervous but since they waited so long and since the price went north so fast they'd figure it would recover. Then the hypnotic descent continued (puntuated by just enough + news to keep one holding) and within the last week this crash has shown the true nature of the company and we are now in the hangover period.

    Money is usually right over the long term and it was screaming at you to get out for months.
 
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