Forum Archive Index - May 2002

["winner69 ." <wwinner69@hotmail.com>]

Yes Snoopy, the original Baycorp chart is purged from my decision making.  
Because in essence Baycorp has been 'purged' - it has been taken over 
(goodwill and all) by Data Advantage. End of story.

The new entity is Baycorp Advantage and the old Baycorp business is being 
merged into it. Baycorp did not 'take over' Data Advantage. BCA is being 
judged for better or worse by the market under this structure.

Agreed that the *majority* of shareholders at the time of the take over were 
ex-Baycorp shareholders and as as such their sentiment probably meant 
something. That sentiment was likely to be different from when they were 
happy Baycorp shareholders and the new sentiment would be reflected in the 
subsequent BCA share price. The old DAD shareholders probably have probably 
had a chnage of sentiment as well. That is also reflected in the current BCA 
chart.

The long term BCA (ex DAD) chart on the ASX (from 1998) reflects the 
sentiment of the market to BCA - both in good times and bad times and the 
time before, during and after their 'takeover' of Baycorp. The market 
thought BCA was worth $3.00 during 1998 and they think it is only worth 
$3.63 today.

One thing for certain I don't think that any old Baycorp shareholders (and 
DAD ones for that) who are still in are happy with what has transpired 
-hardly a good result for the buy and hold investor.

By the way apologoes for suggesting you might be losing your marbles 
earlier. Still a bit worried about things burning holes in your brain - tell 
us more

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