Yes, let mkt decide. Fool are those who long here since yrs ago. at high px.
But I still see a rally coming to s-chip, unless you bought at the high, if you buy at ard current px will be fine, save that it did not default like Greece will be fine or do another china milk.
Truthly, most s-chip are for speculation only. Our penny are safer.
I have hugh profit, just let the casino money be here for awhile longer, only for this one only..
Risk and money management is of utmost important irrespective of whether you long or short or trade.
If you do not have a risk management and thinking that this or that is of good value after reading financial statement or analyst note, You are as good as a customer of MBS or RWS casino.
Just like what I am doing here in this foreland.
Remember nothing shd be taken as face value, they are make by management
Are they honest?We do not know.
Thus a risk management can save you from all these crook.
A solid company can go wrong all of a sudden, like s-chip.
My friend, it's not the 'greater fool' phenomenon at work. It's the herd mentality! I ain't part of it, and I am buying S-chips selectively.
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[Guest 27-09-2012]:
If the penny S-Chips are so cheap, why are there little or no share buy back? Mr Market is more efficient than you think. Presently, it's mainly just "the greater fool" theory at play.