SG,
Perennial have taken 60 mill loss on NCM ?? has anyone lost his job yet??? or would he get bonus instead.??
Well one good news is they have managed to find buyer who believe the opposite....and that buyer have made paper profit in the millions already.
That reminded me of Aust sovereign Funds selling TLS down to 2.35...while I was buying some.
Reason they said they see bigger opportunity somewhere else
so they sold so many shares...cant remember worth billion??
Not long time ago TLS went up to over 5 bucks....so they have probably lost hundreds of millions...probably that bloke still received big bonus.
It is different if one plays with ones own money??
Two opposite views are vital and integral part of trading.
Given enough time both can be right or wrong but not right or wrong at the same time....and that is the only reason we make money or lost.
Cheers,
SG,Perennial have taken 60 mill loss on NCM ?? has anyone lost...
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