Forum Archive Index - November 2002

["G Stolwyk" <stolwyk@wave.co.nz>]

I do hope some of you bought this stock cheaply.

 

I mentioned on the other Channel a couple of days ago that I would rate them "above $2". At that time I bought them at $1.66.

 

And so it came to pass; reached $2.07 at one stage.

 

I was lucky really; had been waiting ever since my sale of Baycorp Holdings to get into BCA (I already hold CLH).

 

Was tempted at one stage to get in at $A2.50, but then a little voice said: " You have always said that the integration of BCH and DAD to form BCA, would not be easy : Super-efficient Keith and some laid back Aussies. And you said it would take another year to do it, so why buy?"- See other channel.

 

To those who bought for a LT hold, congratulations. While some preached doom and gloom, you sneaked in and got them cheap!

 

And that is the part what infatuates me: people ditching shares in no time at all and without thinking!

 

Nearly all directors bought shares, a few of them buying 100,000. Obviously, they may not have the cash at such short notice; fancy, if they knew that this profound relapse was to occur.

I expect more shareholder notices to follow.

 

BCA had the Annual Meeting today and I'll be waiting for the one, next year!  

 

Gerry

This article is not an invitation to buy CLH or BCA.