Another perspective:
15 million people put up a buck for a chance at a cash prize but the gaming
regulatory body ( government ) takes off the top 40%, leaving only 9 million dollars
for the prize. So it is one in 15 million chances for a 9 million payout, and that is
assuming there are no lesser prizes lowering the main one. So no matter what, you are
behind from the start.
A deposit in a checking account is way better because a lottery diminishes value and
merely redistributes remaining value from the many into one or just a few.
On the other hand, you put up a buck into something like a Noront stock, you do not
get assurance of a win but if you did your dd and are patient not only do you have
good chance of keeping your buck but there is a fair chance of a double or better.
This becomes a super term deposit because it has good potential to create value
instead of sucking it up.
Re, Today's early action:
Yesterday the sp rose with anticipation of news after closing ( Noront seems to
favour Wednesdays and after market times ) but with no news in place this morning, we are likely to have a sell off. Mean while the mexican stand off continues. Jmho.
Orders Shares Bid Ask Shares Orders
1 4000 1.170 1.190 7300 3
8 12100 1.160 1.200 15500 4
5 23800 1.150 1.210 2500 2
3 6500 1.140 1.220 500 1
2 10000 1.130 1.230 18800 6
Volume = 1200.