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From: | "Rob Neal and Mandy Aldridge-Neal" <randmneal@xtra.co.nz> |
Date: | Thu, 12 Oct 2000 23:07:14 +1300 |
Geoff
I think short term they are a good buy. T2 finishes trading
16th October with the final payment due November 2 as I understand. The share
price has been hit because of the people selling T2. The head shares
are taking the typical dive as is the case when an intalment receipt
is due. They have been also hit by the global Telco sell off and an
overpriced deal with PCCW. I have been buying Nov and Dec call options. I
think the head shares will rebound when the T2 stop trading, this
will hopefully coincide with a repricing of the deal with PCCW and to a lesser
degree a rebound in Telco prices. In my case I am not too unhappy with a fall in
the NZD as the options are in AUD.
Cheers
Rob
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