re: Ann: Myanmar, Award of Shallow Water Expl...
He's probably just short on ROC. Works the same way as being long except you must blag your stock instead of cheer it.
Can't see any other reason for him to stick around? Unless its because he got seriously burnt because the market lied to him? In which case he deserves our sympathy because he hasn't learnt one of the basic rules of trading ie move on to the next opportunity and don't dwell on past losses.
ROC is our opportunity now because of the SP retrace but not for those who paid top dollar previously, it's all about timing, get it wrong and you get burnt.
ROC Price at posting:
44.7¢ Sentiment: None Disclosure: Held
