Forum Archive Index - March 2000

["Rini H" <the4rs@ihug.co.nz>]

You are dead right, Tim.
Thanks to your excellent remark, now I am still sitting on a gold mine
keeping half of my INL,
while I sold the other half early in the morning for a good quick 5 day
gain.
INL price seems to settle at 4.15 and waiting to move up steadily.

Anyone spot other gold mine? How about that Waste Management Incorporated,
the ultimate
holder of the 60.5% share holding in WAM who intend to sell its shares
through a secondary offering to the public?
Do you think it is worthwhile to take the offer?

Rini

----- Original Message -----
From: timothy carling <tmtcarling@yahoo.com>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, 23 March 2000 21:52
Subject: [sharechat] Rini: Could be too early to sell INL


> Rini,
> I don't blame you if you decided to sell your INL
> shares for a 35% gain tomorrow but this is what Mike
> Robson, CEO of INL had to say to NZPA tonight.
>
> One of the reasons for this week's INL share split was
> to increase liquidity in the stock and Mr Robson
> agreed that with the new major shareholder, it meant
> that major shareholders now owned more than 65% of the
> company and that purpose had to some extent been
> defeated.
> "But I guess people who are holding on have some
> valuable stock on their hands," Mr Robson said.
>
> Rini, Copy the last two lines of the above excerpt and
> look at it before you decide to sell so when you do,
> at least you know what you are giving up. The best has
> obviously not come yet because since when has
> venerable Telecom ever made "lightning raids"? You are
> sitting on a gold mine!
>
> Kind regards,
>
> Timothy
>
>
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