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20-11-2013, 10:51 AM
#1021
Member
Originally Posted by moosie_900
NTA value of $1.60 looking good again. once again, the gubernment knows when to sell!
mmm , I took 5000 shares off Bill & John ... and i got charged brokerage by my stockbroker to be on the buy side of a placement. Can anyone else confirm they got charged as well as I would be pretty miffed if it was just For Barr !!
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20-11-2013, 11:46 AM
#1022
Originally Posted by Balance
Oops - heard from a broker that some retail investors bid aggressively, going for 2 or 3 times what they wanted, expecting to be scaled back.
Instead, they received 95% of what they bid for.
Watch the institutions help these investors off their overbid shares at 5c to 8c discount from the $1.65.
Originally Posted by Joshuatree
My broker was ringing me again this morn trying to flog some; nada.
Share glut on the market, methinks.................. now at 159.5 ...down 5.5c
Could take a while to clear...
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20-11-2013, 11:51 AM
#1023
Originally Posted by Hoop
Share glut on the market, methinks.................. now at 159.5 ...down 5.5c
Could take a while to clear...
Brokers left with stock and not allowed to hold?
Be some decent crossings towards end of day.
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20-11-2013, 11:56 AM
#1024
Originally Posted by Balance
Brokers left with stock and not allowed to hold?
Be some decent crossings towards end of day.
Is it time to panic? i got sucked in by a broker to buy at 1.65 now its at 159.50 looking to go to $1.50 very soon.
Why on earth would the institutional investors buy at $1.65. I thought the share price will propel to $1.68 - 1.70.
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20-11-2013, 12:06 PM
#1025
Originally Posted by NOCASH
Is it time to panic? i got sucked in by a broker to buy at 1.65 now its at 159.50 looking to go to $1.50 very soon.
Why on earth would the institutional investors buy at $1.65. I thought the share price will propel to $1.68 - 1.70.
its the traders thinking that it would go to 1.70 that are now getting out. The insto's who needed a large holding for a long term hold wont be concerned with the decline as if they had to buy a few mil, they would have pushed the price up heaps anyway.
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20-11-2013, 12:06 PM
#1026
Originally Posted by NOCASH
Is it time to panic? i got sucked in by a broker to buy at 1.65 now its at 159.50 looking to go to $1.50 very soon.
Why on earth would the institutional investors buy at $1.65. I thought the share price will propel to $1.68 - 1.70.
Too many got sucked in thinking the same way.
Best to let the flippers and stressed get out and then, watch the real buying interest move in.
Then time to ride the upside.
Stock is 2nd cheapest on NZX apparently, with a healthy 7.8% gross dividend yield.
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20-11-2013, 12:09 PM
#1027
Originally Posted by NOCASH
Is it time to panic? i got sucked in by a broker to buy at 1.65 now its at 159.50 looking to go to $1.50 very soon.
Why on earth would the institutional investors buy at $1.65. I thought the share price will propel to $1.68 - 1.70.
I don't think you can sell. The settlement date is next week?
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20-11-2013, 12:12 PM
#1028
I guess i have to hold the stock until better days.
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20-11-2013, 12:13 PM
#1029
Member
Originally Posted by noodles
I don't think you can sell. The settlement date is next week?
You don't have to settle before you can sell - you just can't sell something you haven't yet bought (unless you have stock lending in place).
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20-11-2013, 12:23 PM
#1030
Originally Posted by moosie_900
No need to panic at all. good sell down at a premium for a good company in good times. fast money is moving out after quick buck didn't materialise. traded up to$1.69 before this. holding will pay off
And its index weighting will double which is why, in part, the insto's bid it up. They will probably have to top up a bit more too.
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