"The rise of self-managed super funds that allow people to punt their retirement savings on individual stocks, a 'strike it rich' mentality towards equities (the very nature of the mining business) and perhaps even our fondness for gambling could all be contributing to Australia's unique day trading culture. Call it the Hot Copper effect."
"But when some are determined to suspend all rationality in search of fast returns, there are limits to what can be done to protect them."
This is why more announcements IMO are needed. Anecdotally I notice newbies coming on-board but giving the appearance of not quite understanding the nature of what they invested in.
I support HC posts that inform and ASX Announcements that are timely and accurate so adult critical thinking can occur and override the emotional contagion that like a fog seems to descend on these threads from time to time.
TV2 Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held