AYN 0.00% 0.1¢ alcyone resources ltd

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  1. 3,967 Posts.
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    Could be an expensive mistake!!

    Some lucky holders will have managed to offload their AYNO's and then re-buy the AYNOA's and effectively dodged a bullet.

    Having said that, the whole company is being priced for future administration anyway, so we all may lose?

    I swapped out of the heads into the oppies, thinking that if they turn this around, I would have more chance of making my money back from the the leverage they provide.

    This of course is technically correct, but really bad trading! I should have recovered what I could and moved on to a better prospect. Relying on hope and the 'turnaround' story has never been a good strategy for me before.

    Time will tell.

    Milesy
 
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Currently unlisted public company.

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