It's actually not a good retort Scarva. His post played at the valid concerns many have here about certain posters.
It is not wise for people to sell now and wait for the rig to turn up and the bit to hit the ground, as he suggests. There is value in holding range through the downtrend; you get all the uptrend and more importantly the CGT discount comes into play. Suggesting to holders to bail now and wait for the drill bit ignores the individual circumstances of each investor.
Now if I held range in my super account I may well have done what he suggests, but that still would not have made it right for everyone.
Further his belief that one day a drill rig will hit the ground only heightens my suspicion that he is actively trying to get people to sell on the basis that 'others' will buy on the cheap - whether this is true or not.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
