Perhaps but very short-sighted and in my mind ....nothing close to intrinsic value
A neat little s/term earner and sure... there are many on the ASX for just that
Hoping wiser and more rational minds rule the roost
Sort of like buying a thing in a pawn shop... turns out it was an oz of gold and you paid $50 for it. Someone comes along and says Ill give ya $200 or it and you say, "Hmmm,,,not a bad return".
Wouldnt it be wider to just go and get the fair value?
General discussion, page-2033
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