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Re: [sharechat] Sellers rule the day - BG


From: Brian Gale <brigale@i4free.co.nz>
Date: Sat, 09 Sep 2000 10:39:40 +1200


At 00:19 09-09-00 +1200, you wrote:


>  the sellers can dictate the price they're willing to depart
>their investment, and if they have excess reserves, they can hold out!

Sorry Oli I can't agree with this statement.  If the sellers need their 
cash urgently how can they dictate the terms ?  Would they have excess 
reserves and be able to hold out ?  I am presuming a situation where there 
are more sellers than buyers - doesn't this push the price down ?

Regards
Brian


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