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GameStop frenzy: No regrets for Australian investor David Paradice who missed $1b windfall

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Australian investment legend David Paradice has seen a lot of things in his distinguished funds management career. But nothing like the online frenzy that led to an incredible surge in shares of the obscure US retailer GameStop last week. âItâs been crazy to watch, itâs also been very interesting,â Mr Paradice told
The Age and
The Sydney Morning Herald. âIt really is madness.â
As this masthead revealed last week, Paradiceâs funds management firm Paradice Investment Management missed out on a potential $1 billion windfall after selling shares in GameStop just before a day trader revolt led to an incredible surge in the stock. ....

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Stake scrambles to fix outage triggered by GameStop trade frenzy

Stake scrambles to fix outage triggered by GameStop trade frenzy
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Low-cost broker Stake told users that it is still attempting to fix the problems caused by last weekâs service problems amid the global trading frenzy triggered by a retail day trader revolt against major Wall Street short-sellers.
In a public statement Saturday evening, Stake, which offers low-cost trading for US stocks, admitted that some fund transfers have suffered delays, market orders - and market limit orders - have been cancelled. The latter automatically buys or sells a stock when it hits a specific price. ....

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The forestry vision that turned into a nightmare

The forestry vision that turned into a nightmare
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When Nationals politician John Anderson released a policy called Plantations for Australia: The 2020 Vision back in 1997, he had no idea how nightmarish that vision would turn out to be.
Instead of creating thousands of hectares of environmentally friendly native forests and a thriving timber industry, one ASX-listed company has been left with a charred mess and no easy way of cleaning it up.
This is a story of some of the worst government decisions in recent history crashing into the extreme heat of the 2019-20 summer. The drama is set about 200 kilometres south-west of Adelaide on Kangaroo Island, a flat land mass 155 kilometres wide and one-third as long with above average rainfalls and mild summers. And it starts with the Keating goverment’s National Forest Policy Statement of 1992, which stated places like Kangaroo Island were great for growing timber. ....

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