Why I agree that Stephen Mayne mainly saves his ammo for the companies who issue to institutions rather than to the retail investors can't see how this statement is any thing other than haveing a go at "opportunists".
"The really smart Brickworks investors were selling down into the frenzy of opportunists scrambling to get on the register and paying silly prices for the privilege."
The really ironic bit is that it was his articles on the subject that really brought this tactic into the public eye and has been main causing of their being so many opportunists. I think this irony has been lost of Stephen himself but nevertheless am happy to have journalists like him around. At least he does some investigation of his own, unlike most.
FEA Price at posting:
8.5¢ Sentiment: ST Buy Disclosure: Held
