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[sharechat] Sellers rule the day - BG


From: oli@vodafone.net.nz
Date: Sat, 9 Sep 2000 00:19:11 +1200


Hi Brian, sorry I didn't reply sooner - I missed your post.  Must say I disagree
- as Graeme pointed out, it's the buyers who are in the position to take 
advantage.
 When buyers rule, price faces downward pressure.  When sellers rule, price
is going UP, as the sellers can dictate the price they're willing to depart
their investment, and if they have excess reserves, they can hold out!

Incidentally, I just want to go on a holiday, so am liquidating to pay for it.
 Jeez this dollar problem and our lacklustre market makes holidays expensive!
 My solace lies in the fact that when the shares spike shortly after I sell
I'll be basking in blissful ignorance on the beach at Copacabana... ;)

Thanks, Steve - I forgot who posted the initial info.  Your disclaimer is well
noted - but I do hope "sometimes" means at least one or two out of six...

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