Club Mulgoa

Tuesday, July 08, 2014

PDY

If you look at the details, never buy on any announcement without checking the facts.  A minnow cannot announce deals worth billions without substantiation.  Small investors piled in when the share price spiked but institutions just watched.  Hence, when the board finally admitted that they don't have all that billions IN HAND, the share price collapsed.  The suckers were mostly small investors... but people never learn.  When something is too true to believe, it is unreal.  I wasn't around or I would have sold my parcel....

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