Ann: MIN: Market Update and Teleconference Details, page-6

Morning @Guerilla

Ellison is always going say something like that.

On the occasions that I have bought property (house), I have always said to the salesperson, "... mate I've got no more cash other than what I've offered - I'm tapped out mate that's it not a cent left in the kitty". "You should tell the seller that before they think about counter offering".

The seller invariably counter offers and I think, "... hmm it's still a good price and a good location - I can see the value". And up goes my offer - never to exactly match the counter offer because then ego comes into the equation.

Always the same scenario.

Will it apply here? No idea. However, human behaviour is human behaviour - buying and selling is not a science - in my view. We all like to think we are purely rational beings when it comes to buying and selling - our behaviour suggests otherwise. Just look at the ASX on a daily basis.

Enjoy your weekend!