ASX specs are hurting - and this time I'm convinced that shorters have overplayed their hand.
Mum and dad investors also included heaps of younger people trying to get ahead on specs (they're young right and everyone says it's cool to take on more risk).
Well heaps of those young people are no longer here, can see what is going on, and looking for other investments like crypto.
It's over, and they are not coming back.
Also the climate change angle is affecting their appetite for this sector.
Another spec oiler released an OK result and share went nowhere on the ASX, yet surged on the London exchange - with the old story that the listing is "led from overseas".
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