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[sharechat] BDO

From:	"G P Thompson" <gp.thompson@bitworks.co.nz>
Date:	Fri, 14 Apr 2000 14:12:26 +1200

Gordon

The point I am making is that BDO's trading performance can't possibly affect the share price right now. They haven't been at it long enough to achieve anything good or bad. The share price is being set by a current market perception that it is some form of canine. If that is the case why did the current sellers participate in the IPO if not to stag the issue?. It is no more a dog now than it was 3 weeks ago. Those getting burnt now are those who believed the share price would rocket. Wiser heads left it alone or alternatively invested in it for the long term in anticipation of dividends or share price appreciation based on actual trading performance.

GPT

So its OK for value investors to buy a stock at its initial listing and see it fall 40%....or are they all getting in now at the discounted rate.....trading volumes would suggest not.

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Re: [sharechat] BDO Osbert Sun

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