Forum Archive Index - May 2002

["ryanrite" <ryanrite@xtra.co.nz>]

That would be why they have been nocking telcom



----- Original Message -----
From: "Rockbottom" <rockbottom@ihug.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, May 15, 2002 2:12 PM
Subject: Re: [sharechat] TEL


> There is an interesting article in today's 'Independent' relating to hedge
> funds short-selling. I quote in part:-
>
> " Betting that Telecom's share price would follow global trends down the
> gurgler, United States-based hedge funds short-sold 65 million Telecom
> shares.
> In essence, they sold Telecom shares they didn't own for delivery at a
later
> date, betting that between the sale date and delivery date, Telecom's
share
> price would fall .................
> Now the short sellers have to buy and deliver the Telecom
> shares......................"
>
>
> Too bad, how sad.
>
> Rockbottom
>
> disc hold TEL
>
>
>
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