Ann: Change of Director's Interest Notice, page-36

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Wilma85

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14/11/18

12:28

Post #: 36499587
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Originally posted by robbo24 ↑

Originally posted by unicrumba
Hi Robbo,

Making $4k in a short time is very nice indeed, but you are being cheeky with your comment re Director loss. He obviously has a long-term view and can afford to hold thanks to weekly pay coming his way.

Hope you made it worth your whileclear.png

All IMO
Hi uni,

If we put weekly pay and long term views to the side, let's focus on the elephant in the room. There is simply no legitimate reason for exercising options into a loss situation when there is ample supply on market. Oh but I can hear "he's just showing confidence!" being shouted at computer monitors already. Well, there's plenty of examples in history of people showing confidence in foolhardy and irrational ways.

Muldoon, for instance, who drunkenly called a snap election because "it didn't give his opponents much time to get ready" ended up in total defeat.

Confidence doesn't make something smart, practical or effective.

So if we entertain the idea that confidence isn't that narrative then what does that leave... Certainly not clever investing in my view!

Expand

Ah, which begs the question, did the money to exercise the options even come from Mr. Tsegas’ own pockets? Let us not forget that this is a Director that up until last week only had 20,000 shares. Very peculiar buying IMO

MNS Price at posting: 34.0¢ Sentiment: None Disclosure: Not Held
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Ann: Change of Director's Interest Notice, page-36

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Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse