That attitude lost me $27,000 on Arrium. Okay... everything about that situation is different to this one except for one thing: the Hot Copper forum!
On the Arrium forum everybody was saying "manipulation" and "shorters" and proposing theories about who wanted the price low and why they would want that. There were two or three posters who warned of market conditions and covenants and debt servicing. Those posters were always shouted down with shrill accusations of being shorters, or down-ramping to satisfy some hidden agenda.
You do yourselves and every reader a disservice by failing to recognize and address the warnings to exercise caution here. We have some posters who do an immense amount of work and do us the service of passing on what they have discovered.
Most of us don't want to discourage those people.
VOC Price at posting:
$4.19 Sentiment: Buy Disclosure: Held
