I sold later than I should have on this one.
Sorry to tell you this, but this article today perhaps now explains the decline - says Packer has sold out.
Just goes to show that there are bigger forces at play that will carve up the unsuspecting.
I remember one of my first forays into the market was going long Optus warrants after it floated. Looked like it had to go up, and initially did, but then had a steady decline - turned out Packer senior was offloading his shares.
The big players probably don't even think about the battlers who lose their thousands while they make their millions.
Here is the article...
Master strokes in the blood
From: Herald Sun
August 03, 2007
http://www.news.com.au/heraldsun/story/0,21985,22179078-664,00.html
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NIA
niagara mining limited
I sold later than I should have on this one.Sorry to tell you...
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