Forum Archive Index - October 2001

["nick" <helmett@xtra.co.nz>]

            Probably some truth in the greed theory.   The story of the
investor who made millions buying at 15 cents had us all kicking ourselves
  By the wednesday it looked to all like the guy was a genius,
and with the benifit of hindsight it was obvious the govt would not allow
the airline to fold.  Many people decided they wanted a piece of "easy"
action.
Especially when a figure of 60c was being touted.  We now know these
latecomers have had their fingers burnt.
            As to the buy at 15c it was very brave. On the day of the buy
with the price plummeting it looked a very real possibility that the
airline would go under. At the time i for one wouldnt of had the courage
to be the first to step in and stop the share slide. (if i had the
millions).
   Unless of course i knew something the other punters didnt.

              Nick

>
> The usual story, isn't it?  Greed masquerading as patriotism as the 'Mum'
> and 'Dad' speculators/punters rushed their sharebrokers and bashed their
> internet trading keyboards to try and make some quick bucks on Air NZ.  I
> distinctly read in the papers a few brokers warning against such behaviour
> (one compared it to the IT boom and bust last year) but no, they know
> better.  This time, who do they blame? Because blame somebody they will!
>
> Anybody care to ask Greg Terry why he thought the shares would go to 60
> cents?  Remember this is the same BIL guy who predicted that he can get
BIL
> shares back up to $2.00!!!!!
>
>
>
>
>
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