nick mate, if she hit's $7.50 and triggers the debt review. it's all over mate. take a look at allco. same thing happened to her.
can you imagine the headlines in the paper?
remember, an investment bank's best asset is its reputation, when that goes, it's game over for the bank. it looks increasingly like bnb will be another bear stearns.
the fact is we live in a brutal world. the hedge funds dominate. they cannot be beaten. the shorters will always win in this market. don't try and take them on, you will just get smashed. i thought she was cheap at $12. i lost 15% in less than two weeks. unbelievable.
i'm never investing in financials again. resources are the way to go. never invest in a company with debt.
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