They haven't lost if they haven't sold. Quite a lot of shareholders in various companies lose money if they buy dear and sell cheap. Others bought at $0.30 and sold to those losers at $2.00, thats the way of the market. If its too hot in the kitchen, get in the bathroom where the tissues are kept. Some of those who made such profits have also bought back in at 16c and will probably sell to those same $2 buyers at $1 or even $2 again.
How do you suggest the stock exchange legislates for these anomalies. Perhaps they could take all stocks from the market that a. Fluctuate b. Go down
Then they could stop paying the rent at the ASX offices, and the building owner could go down with the ASX, and then the bank could forclose on the building company and all building companies could go down and then there wouldn't be any people who buy at $2 and sell at 20c and we'd all be better off including an employee of the ASX, Building owner, Building company, bank.
Do you fit in there somewhere?
If so you better start supporting the losers side, they pay your wages.
GWR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
