I just can't believe so many buyers are stepping up to buy at the current price, then having to turn around and sell for a 10% loss a couple of days later.
It's either a constant supply of fresh suckas or the same people who just don't learn their lesson from the loss! Never buy in a downtrend, no matter how much of a bargain it seems!
Another 52 week low achieved today, down 6% from yesterday.
Current price would now mean the Melrose holding is the same value as the margin loan... I wonder how much longer they are prepared to sit back because if they sell now they won't get all their money back.
Add to My Watchlist
What is My Watchlist?