BULL’S EYE
BULL’S EYE: Investment pros fish for trouble just like ignorant dabblers
There is nothing like watching a darling share dive into a brick well
We were fishing at Ponta do Ouro, storm coming, full of brandy, no bites, tackle snagged and lost after every cast. One last go, then. As I whipped back the rod and let free the line there was a sharp crack and the fully baited rig whistled out to oblivion. There floated the nylon from the tip of my rod. I could see this, but hoped no one else could. So I stood, rod in the air, line billowing, for however long it took for everyone to tire and suggest we go back to the campsite, hook up with the girls and start the braai. I have not been teased as much for my shareholding in Esor. How long can any idiot stand and pretend it will not end in mockery? I bought the bastard, watched it stumble, doubled down, doubled down again and felt too foolish to chuck in the towel and take 3c a share. There it is in my portfolio, an 88.95% loss, suspended like a piece of cheap fishing line in the wind. I am always tickled by the front page of Sharenet, a trading site that gives casual viewers a delay...
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