re: take care people! Trade4Profit,Good sensible and cautionary...

re: take care people! Trade4Profit,

Good sensible and cautionary post - hard to disagree with.

I also think that we'll see a lower price after a few days and I'll probably pick up a few if the alarm bells stay off, in order to average down this heap of..............er., opportunity.

Risky play of course, as their accounts could be queried and I don't know if they're out of the woods as yet with ASIC.

Though the market is very skittish, the magic word "energy" is enough to arouse a tornado of greed.

Thus one may convince oneself that Mercorella and his crew are far behind and all that lies before are infinite depths of oil and gas.

[Pause while I sweep saliva off my shirt front].

Towie hopes that the new directors will pursue the Mendacious Mercorella and his Gypsy Joker Directors (alias Porky Pig & Friends) to recover the "loans".

Somehow I think that they will plead poverty while living it up as their assets would be "protected" in the names of family members - standard practice for white collar pirates.

(Sir) Lunchalot
Living dangerously
Caveat: I own LIO and this is not a recommendation to buy or sell as I do not even pretend to be a financial adviser.



The tree is stripped,
All colour, fragrance gone
Yet already on the bough,
Uncaring spring!












Who said that we are rational beings?