Dam I missed it!9 Aug 2017 18:43
Just had a quick skirmish to see what all the fuss was about and apart from "possibly" telling a few non facts to gain a credit line nearly 30 years ago, I cant see a justified reason for the hammering today, or yesterday and day before TBH.
Personally, I will be buying in on the opening bell tomorrow, be the price 50p or 150p, great company, hot sector and great revenues and pipelines to boot, this will be back to over 225p quick time, with or without "Uzi" (thats what TW will more likely be staring down the barrel of one day).
Lets be honest here, we have all been guilty to some degree at some stage of "distorting" facts for personal gain, financial or otherwise, anyone that says they haven't is a liar, just ask TW lol. I mean its hardly like the guys patio has been dug up and human skulls found is it!
What makes me laugh the most, we as traders/investors stick the boot in to a person/company to suit our position, yet the very custodians and institutions which handle them very "positions/trades" we enter are some of the most corrupt, lying, cheating scoundrels in the World, yes the World. Perhaps instead of googling Uzi Catz, try googling Goldman Sachs market rigging or RBS market manipulation or UBS Libor rigging, Deutsche Bank insider trading the list goes on and on and look how quickly it all gets swept under the ****et and business as usual resumes, you and I put our money and trust day in day out with these proven cheats and liars, cant hear anyone complaining about them, or are they allowed and you don't mind, one rule for them one rule for another?
Anyhow, back to Telit and their products, marvellous company anyone care to join me on the ride back to 225p?
Good luck, I would not want to get caught up in the stampede that will ensue when this all blows over and the overdone shorts need to close lol.
Would be so funny if no charges are bought about or its the wrong person, personally, as long as the CEO runs this company well I couldn't give a dam about what the guy did or did not do 30 years ago, period.
End
Sweet dreams
Rich