Forum Archive Index - May 2003

["Pete Stevens" <pete574@hotmail.com>]

In my opinion, you should lock in your profits by using a stop-loss of 10%.
So if the share price falls tomorrow by 7-8 cents (10% of 77/78) you sell.
If your white knight does appear, then keep adjusting the stop loss value
everytime the share price rises.

Your broker might even offer you a stop-loss option, where you specify a
price, at which they will sell your shares if they fall below that price (I
know ASB does this, not sure about the other brokers).

Peter.

SELL. Now!
----- Original Message ----- 
From: Peter & Janette
To: sharechat@sharechat.co.nz
Sent: Thursday, May 15, 2003 8:21 PM
Subject: [sharechat] Tranz Rail


Well I took a punt on this dog last week to bring down my average cost per
share thinking that someone would save the company - that maybe even Dr
Cullen might find a use for some of the billions of extra tax he has
needlessly plundered from us.

Now that some kind of white knight has arrived - should I sell now at 77/78
cents or could there be more knights in the wings?

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