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From: | "G Stolwyk" <stolwyk@wave.co.nz> |
Date: | Sat, 27 Oct 2001 12:51:38 +1300 |
This is a rare case where four main
contributors who took part in a discussion on WAM were all
proved to be right!
The case is so unique as fundamentals, charts
and the result of an overhang in shares all played a part.
On Oct.10, 2001, the share price of WAM was
$2.50. Following main posts were listed:
Peter ( Excellent summary of fundamentals
):
Nick ( Bought in @ $2.50 and thought
that it was good buying at that low level
):
Phaedrus ( Gives the advice: Wait with buying till
we get another uptrend! - Subsequently the price fell to $ 2.35 ):
Culley ( Gave warning that an overhang of
shares was causing problems to WAM's share price - a completely new and most
important contribution ):
On 27 Oct. 2001, 8.3 mill. shares were sold and the
price rose from $ 2.47 to $ 2.62.
Prospective investors will be interested in these
posts. Investors will need to be aware of outcomes of investment in
companies with an overhang of shares. However, once the overhang
disappears, there can be some excellent rise in share prices. This may be
followed by a takeover.
All this is interesting stuff to the investor
who is working at the
coal face!
Gerry
NB: Phaedrus' post was in answer to Nick's
post, dated Oct 11, time 12.37. I have listed a different post of Nick as this
gave the more fundamental reasons why he invested. Please note that WAM's
share price may or may not continue to rise.
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