This is what makes the market the market and an interesting one. Some thinking that the large fall in Blue Sky (BLA) yesterday would have been a great trading or buying opportunity, punting that the Glaucua saga was overblown, similar to punters and investors getting into GSW and BIG after disclosure scandals reported by AFR. Well, BLA sp collapsed another 33% today and looking more dire as the mystery unravels. Similarly people will buy into MYQ and BUD after reinstatement- the perceived bargains are no more than falling knives IMO, getting into a burning building to recover or retrieve ‘free’ goods left behind by owners who fled. It is the worst way to lose money- people can sit and wait to determine how the saga pans out - as it turned out Glaucus was not going to give up the fight , issuing a second opinion that BLA can only deny as being nothing new, but the damage has been done. I wouldnt buy a ticket to a play that has a strong chance that you could be trapped and not get out - a suspension and a plunging sp upon reinstatement. Tainted stocks are not worth the investment !
