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Re: [sharechat] Sorry on ITC Momentum


From: Brian Gale <brigale@i4free.co.nz>
Date: Mon, 12 Jun 2000 13:32:05 +1200


Just goes to prove the investment game is not a perfect science !!

In fact,  IMHO,  it constantly defies any logical explanation.

Any ideas why STU shot up today ?

BG


At 11:37 12-06-00 +1200, you wrote:
>In a post on 29th May I suggested the momentum trade was to buy then and 
>sell after the on-line chat from ITC CEO.
>
>I apologise!
>
>The momentum kept and keeps surging and I have had to trade 6 times since 
>then on both the head shares and options. The options providing some good 
>arbitrage opportunities.
>
>PS. Each trade has garnered returns in the 10-17% range and I think there 
>may be a little more, however I have just sold into this mornings 
>surge.  Shame the volumes are not higher.
>
>
>
>
>Roy Edwards
>PO Box 126
>Tauranga
>New Zealand
>Ph 07-578-0324
>
>
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