Well, there I was settling down to a nice snooze after looking through the Company Announcements this morning and the markets all seemed pretty flat and uninteresting……..Next minute a TXT pops in from a mate - “Have you seen Tom W on OPAY?”
“Oh Sh*t," I thought….
So I quickly got my head around the story that OPAY CEO Joel Leonoff has been involved in a similar convoluted Share Buy / Sell / Loan or whatever it is with Equity First Holdings (EFH) like Rob Terry had done at QPP, which caused the enormous collapse in QPP share price this week.
Anyway, it was a fairly easy decision for me not to panic and sell. Partly because I never ever make snap judgements intraday while the markets are trading and also because I am a Long Term Investor and I find that these kind of short term irritations can turn into superb buying opportunities.
Anyway, it livened up what was looking like a dull Friday……..
My thoughts on it are as follows:
Have a great weekend - and forget about all this silliness…wd
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