Forum Archive Index - March 2004

["Cristine Kerr" <criskerr@optusnet.com.au>]

Sorry Tribeca. Just saw your post.

 

 

The way I view it (and it's just my personal opinion); the moment a share is sold at a certain price, that price immediately reflects its present value.

 

 

As an example; I held Intec (ASX-INL) for quite some time - lost and made money from them as they fluctuated but overall I've done well from INL.

 

 

Recently, INL was trading consistently around 12.5-13.5c - then INL decided to sell a large parcel to a private investor at 11c.

 

In addition, I was aware of a large number of INL shares soon to be released from escrow. Both of these factors concerned me.

 

 

First, as a long term INL investor, I must say I felt a little overlooked whilst reading about the sale of shares at 11c whilst simultaneously looking at my own 12c shares.

 

Second, why would anyone (staunch believer or not) hold a share bought at 12c when the company itself has decided to devalue it to 11c.

 

I sold my INL parcel and it appears to have been a wise move (for now).

 

 

Let me stress, there is nothing wrong with INL. It has the same profile as when it was trading at 12-14c and higher.

 

In fact, following recent news it is even better, and; I still have an unwavering belief in its future growth potential.

 

 

I am waiting for INL to regroup which I anticipate will take a while longer yet. When the signs are right, I am likely to venture in again.

 

NB This is just one individual investor's opinion.

 

 

Regards,

Cris

----- Original Message -----

From: tribeca

To: sharechat@sharechat.co.nz

Sent: Friday, March 12, 2004 12:33 PM

Subject: [sharechat] AIR and FRE

A few weeks ago, there was a large parcel of AIR shares sold at a
discount to the market price at the time, subsequently the share price
has dropped and hasn't really rallied above .42c.

Also a large parcel of FRE shares were sold in late Feb at a discount to
the then market price, since that time the market price hasn't rallied
above $2.15. 

I know the market has come back a bit in recent weeks, but do these
large transactions distort the market price / valuation of these
companies.  Is there a 'perceived' ceiling / cap on these shares in the
short / med future? 

FRE seems a good company but not sure how these events affect the share
price going forward.

Any advice would be appreciated as I am kind of new to equities.  Thanks








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