Forum Archive Index - March 2004

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi winner69,

> 
>The magical support price of 467 for TLS (on the ASX) has been 
broken
>on the downside.
> 
>All the talk about TLS paying too much for Trading Post, talk of
>another cash bailout of Reach and now ACCC action seems all too 
much
>for many ... including many instos lessening their positions.
> 
>Maybe a 2 day aberration but the range TLS was trading in as been
>broken - not good news if it lasts so I may have to bail out of that
>'safe bet' eh Snoopy
> 

There is no such thing as a 'safe short term bet' in the sharemarket 
Winner.   I have read the bad news, but as Buffett would say.

"It looks like a bit of a sideshow."

Telstra has plenty of cash.  That's why they just upped the interim 
dividend.  The money is there should any of the 'side shows' need 
bailing out.

>
>One consolation for many is that TLS has hardly been cheaper .... go
>on, have a go and get that price up again tomorrow morning so I can
>stay in.
> 
>Otherwise selling out and hoping to buy back in the 420's
> 

TLS has just gone ex a 13c dividend Winner .  (Ex dividend trading 
commences 22nd March).  Possibly that has something to do with the 
share price fall.

SNOOPY



--
Message sent by Snoopy 
on Pegasus Mail version 4.02
----------------------------------
"You can tell me I'm wrong twice, 
but that still only makes me wrong once."


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