Absolutely, in the share market you have to cut your losses sometimes. If there is no takeover by the end of the year and based on the results posted to the market in August i will probably end up exiting this stock.
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In the space of a day the discussion has moved from "irrational exuberance" to philosophical thoughts about human nature and intrinsic value.:)
Perhaps the directors have a long term {or longish term} plan which does not include a takeover.
For the traders, notice how SKT gets bought up on NZX each morning but gets sold down in the afternoon after ASX has opened?
Wonder how many of the 12c shares went to Australian institutions.
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