Ctindale,
We finally agree with each other on the ANZ thread. Opes was an appalling lack of judgement and we should never wish misfoutunes on others.
Where we differ is that I believe this is an isolated case and not proof that there are systemic risk issues. I guess time will tell who is right. Having said that I will be playing close attention to the risk management processes in future reports based on your insights to determine if I have misjudged the state of play.
Out of interest how tight are your stop losses?
Cheers
Ctindale, We finally agree with each other on the ANZ thread....
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