Forum Archive Index - January 2002

["Michael Phillips" <michael.p@paradise.net.nz>]

From: "andrew cottingham"

> (I bought 3 days late @ $2.62).

I bought a few days early @ $2.49, but was happy with my entry price.  I
was hoping to hold WAM for a while, but if the price continues to
appreciate at the present rate my trigger finger may start itching.

  From: nick

> Adding to all this a big fund manager was unloading shares as
> fast as possible.

Nobody ever did answer my query why the price was rising at the end with
a fund manager continuing to unload (according to my interpretation of
SSH's).  In hindsight I believe their selling down was offset by the
actions of another fund manager reweighting their holding upward.

So nice to see confusion among the fund managers...some jumping off the
(sinking?) ship, and others climbing aboard to raise the spinnaker and
make preparations to sail off into the sunset - as to which fund
managers made the correct decision, only time will tell.  Fingers
crossed.

Regards
Michael
===

Disc: hold WAM




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