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[sharechat] why the panic/despair/lemming like exit rush on Contact this morning?

From:	hugh webber <hugh.webber@clear.net.nz>
Date:	Wed, 11 Feb 2004 12:05:03 +1300


No new announcements....I haven't bothered looking up 
wholesale electricity prices which presumably are down 
due to fairly full lakes at the mo (old news).....short term 
stuff....

Article in the Sunday Star Times saying that Edison 
are likely to use their Contact stake to float low interest 
US bonds secured against their Contact stake rather 
than sell off Contact. That should have raised the CEN 
price substantially rather than decrease it.....

Not a great volume....have some sleepy minor holders 
just noticed the old old news that Edison might sell its 
sake at a discount for volume and done a late panic?

Or is their some insider trading on news for the AGN next 
week such as the latest quarterly results which hopefully 
the NZX will now investigate if it even wants to look if its 
doing its job.....

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