STT weekend lounge 22-24 June, page-174

A lot of crap spec market angst atm. Manipulation, boiler room groups. Who really cares. Has always gone on and always will. Don't worry about the is it but just worry about how the sp reacts. Above all learn to identify distribution if you are going to play in specs.

20k for 12 mths bag with no stops. OEC. Priced atm as if their 22m earning this fy will not eventuate. Co reaffirmed same as recently as May. ( discl not held atm)

My biggest lesson from recent events has been with respect to position sizes when liquidity goes. Our biggest advantage as small players is our flexibility which I felt I lost in some positions.



And above all keep perspective.