Forum Archive Index - February 2002

[hugh webber <hugh.webber@clear.net.nz>]

They could follow the Enron/Bruce Judge tack, set up some overseas off balance 
sheet subsidiaries
and keep on selling the stock at ever increasing prices. It would show up as 
buy signals on the
charts.
By the time it all came crashing down they could be in Venezuela ;-)

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From: nick <helmett@xtra.co.nz>
To: sharechat@sharechat.co.nz
Subject: [sharechat] PTD Getting a hammering
Date: Monday, 25 February 2002 17:42

     Remember this one? its being caned today down 10% so far. Over on OZstock 
they all got
themselves so worked up over the forthcoming patent that the price bolted way 
ahead of itself, now
the announcement hascome the stock has run out of steam.They were having a 
competition to guess how
high the price would go after the announcement, around 10 dollars seemed 
popular. What happened was
the price has actually fallen around 15% to 4.40.
    Reminded me of the competition we had here once, guessing how high ITC 
would go. Around a
dollar was popular at the time, now look at it. Just shows how the collective 
mania of the herd can
lead to a form of mass delusion,  its quite amusing over in the chat room there 
at the moment, they
are still in the denial stage, all talking of grabbing a bargain while those 
who bought at the top
are busy averaging down. 
http://www.ozestock.com.au


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