I know that I'm just a stupid guy, but I don't understand why just because a share has lost 50% or 60% or 87% of its maximum capitalised value, that the share should be a screaming buy and not in fact a screaming sell?
Tell shareholders in Northern Rock in the UK that their shares in the failed bank were a screaming buy when they had lost 85% of their maximum value. Now that the bank has been nationalised, their beautiful shares are worth zip.
Countless examples exist and will exist in the Australian market. But don't listen to me --- I'm just a stupid guy.
I know that I'm just a stupid guy, but I don't understand why...
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