One drunken nite after a few Glendronachs - many moons ago a broker on YMYC put me (and the rest of the gullible m and d investing fraternity) onto this stock. the price rocketed and being the greedy old b that I am i hung in instead of collecting. It subsequently tanked on no news - leaking like a sieve when i was sunning myself on a beach in fiji - oblivious in my somnamblument state i was literally caught with my pants down. The news came out later that the project in british columbia was a dead duck and there was much wailing and nashing of teeth that the info leaked -which it did - and ASIC would be called on to investigate the alleged insider trading. A classic Pierpont story for those of you old enough to remember him in the AFR.
I cannot help but think history is repeating itself. I am once again sunning myself in Port Douglas this time on my way round to Singapore slinging away merrily. That said brokers are watching this stock and its most likely being shorted so you just don't know. I still hold and probably shooting myself in the foot posting this. But as the old story goes a fool and his money are easily parted! just for your amusement. I am however going to embark on a bit of research on the last announcement the tone of which worried me. Moral of the story - DYOR!
JAL Price at posting:
21.5¢ Sentiment: None Disclosure: Held
