longest trading halt, page-12

"Rational decisions"

3puttpar , what percentage of trades do you think are ?rational decisions? each day? You will never know everything with 100% certainty about a company. This premise is ridiculous.

Every company has uncertainty; under 3puttpar's argument the stock market should only be open once a year when absolutely nothing happens on the day so every investor can make a fully informed decision.

On that logic, QBE should've remained in a trading halt for all of summer until it was fully known how much damage the floods and Yasi did because god forbid that an individual can make their own assessment and make a decision without knowing the outcome.

Maybe biota should have gone into a trading halt for a year from when they submitted XYZ drug to the FDA until the decision was made.

Uncertainty is all you can really rely on in this market and that is how there are winners and losers.

The fact is that whether or not NKP is actually trading or not, the value of the company is still changing - just not in a transparent manner which the market provides. All that we are gaining from this whole debacle is that people will not be willing to invest in something they do not trust.

In the long run you will get your "efficient market" with your "rational decisions". No academic has ever claimed that each individual trade is rational or efficient, just as an aggregate of every decision over the long term.