Forum Archive Index - September 1999

[Chris Marshall <Chris.Marshall@directories.co.nz>]

What you bought them for is totally irrelevant to your decision to sell -
whether you paid 74c or 10c.  Once you have bought you own TTP shares NOT
74c shares!  The ego wants to be "right" and not make a loss.   The clever
investor sells at the highest possible price - if there is more downside
than up, get out, otherwise hang in there.   TTP clearly have more upside
because of their discount - unfortunately property is out of favour and TTP
scrip is dominated by Sea Holdings and therefore difficult to asset-strip by
the likes of GPG.

> -----Original Message-----
> From: Matthew Van Veen [SMTP:mattvanveen@hotmail.com]
> Sent: Friday, 24 September 1999 11:31
> To:   sharechat@sharechat.co.nz
> Subject:      [sharechat] TRANS TASMAN PROPERTIES
> 
> I have a small amount of TTP (owes me .74c). Should I buy more to lesson
> my 
> loss and hope for the big recovery or should I just put the misery behind
> me 
> and forget them. They are now down to 30c but have good asset backing -
> just 
> that debts are high.
> 
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