TOPDWQ

[#1]

Ag shame, some clown just bought 400,000 @ 195c. Thats R780k, about R200k more than they're worth. Hint: Rich fools shouldn't play in the sea.

[Beep_Beep]

Maybe he knows something we don't. Like the 50k boys the other day!!!

[#3]

Doubt it beep, could've bought 8 traunches of 50,000, for 45c less. Nope, i;m afraid this guy just made a BIG mistake.

[Beep_Beep]

Maybe he thinks its a bank account or unit trust OR somebody told him the sky was going to fall in and no matter what he pays he will make big bucks

[#5]

maybe he was just listening to some of the forumites...?

[asylum]

Or maybe some of the forumites think they know it all?

[#7]

yes but we all know that...myself included..

[asylum]

Agreed LOL

[#9]

Eh? What are you saying? This wasn't a mistake, and in actual fact a good move by the trader, or just desperate for a stab?

[#10]

desperate for a stab...

[#11]

hehheh. I dont swing that way.

[asylum]

Any body investing or should i say trading 780K without first knowing what he is doing would be madness, but there again its a strange world we live.I'm not saying your wrong or right super but there again who knows.

[john_1]

It could be a no cost collar. Ie down side protection off set against the real portfolio. ie today is critical in this guys view and so removes himself from the market by equalizing his up and down side risk, there are many ways to skin a cat, most traders this size trade the futures market not waves.

[#14]

mm, did think of that possibility, but in such a rush against the downside that you can't trade it at fair value over 30 minutes?

[john_1]

Super I dont follow this and truth is it was prob some dude taking a bath, I just put that in to give another possibility.

[#16]

Well, he/she is down 200k already, well done to the one that made the profit

[CE]

Profit - that will be Hanz

[asylum]

Maybe just a tax right off!

[Mic]

I think he is about to get some of that 200k back!

[asylum]

Hey super idego they found the clown that put down that 780k check it out:http://www.citizen.co.za/index/article.aspx?pDesc=38946,1,22