Forum Archive Index - May 2003

[Robin Benson <rob@hammerheadmedia.co.uk>]

No fair Macdunk.

Holding onto TRH was/is clearly a gamble, and some investors are clearly more risk-averse than others.

For a while there, TRH was looking like a sick dog just getting sicker. OK, so some might, given the context and the government's actions in the Air NZ case, figure that it's worth taking a chance on, but many would be looking to simply reduce their exposure and concentrate on other investments. And so it goes with much "managed" money.

Indeed, until Messieurs Faye and Richwhite baled, TRH was looked at in quite a different light.

Are you saying that people weren't advised correctly if they *didn't* stock up on TRH just before the recent bid?

Cheers

Robin

On Sunday, May 18, 2003, at 07:07 Europe/London, Duncan MacGregor wrote:

> Westpac got rid of 13.05 million shares in tranzrail the week before the price hike.  Says a lot for financial advice dont you think?.