Probably. The irony is that the people who talk most about the...

Probably.

The irony is that the people who talk most about the share price and manipulation, are (I’d guess) the people who make rash decisions based on share price that a would-be manipulator is trying to manufacture.

Not to say there are no pitfalls to value based investing, but at least those risks are related to the genuine fortunes of a company which is like, actually a real thing!

Anyway, no offence intended, it doesn’t really matter in the end to us investors - if mum and dad investors want to join the ranks of the traders, then on average they have to lose. How can they beat the short term highly skilled disciplined amateurs (eg Saragian) and the professionals with their technical IT weaponry and leverage to steal a march on new info.

Your only chance is to play a different game - owning a business at a fair price that is set up to have a good chance of generating good revenue growth and/or returns in the medium (and maybe long) term. This game is not zero-sum, everyone can win and no-one has the inside story.

Imagine JP at the end of a day with a glass of red over dinner saying to his missus: “I spoke to x at Rio today, they think head office will give the nod for Koodaidari next year but It’s been put back a few times so who knows. It will have to land eventually though. Looks like it’ll be $3.5bn instead of $2.2 which I told them 6 months ago. Anyway, if it does get up, we’re looking fairly good. One thing for sure, the Golding guys are really doing a decent job at Baralaba - if the coal price doesn’t tank next year we will make good money there. Oh hey, look the muppets on the ASX think we are worth 20% less than a month ago, sheesh!”

Who needs reality tv when you have NRW ?