PGC - Licenced to Bank

[geezy]

waitin to buy more but it keeps going up

[Balance]

waitin to buy more but it keeps going up

You are competing with directors and management buying.

Funny how when directors are buying, there's deafening silence from some of the posters.

When directors are selling, there's usually some sarcastic and dark comments etc.

[Grantas]

What interests me, is who is selling and why. Guess there's no way to tell.

[Logen Ninefingers]

What interests me, is who is selling and why. Guess there's no way to tell.

Maybe a lot of the original shareholders who thought they had to step in and support the capital raising otherwise they were going to be left with a heap of worthless shares, and now don't have the patience to wait for the company to turn things around and/or don't have the patience to wait for the share price to lift substantially from where it is now.

[Balance]

What interests me, is who is selling and why. Guess there's no way to tell.

Because they have not got the same view as the directors on the future of PGC.

[flyingfox]

Because they have not got the same view as the directors on the future of PGC.

also becasue in share market there's an opportunity cost for waiting, that's why i sell pgw even i know i shouldn't maybe.

[elZorro]

From the volume going in, these are serious purchases of PGC, a longer-term hold. I've been tempted too, getting a bit sick of shares that fluctuate up and down all the time. Is this one of the few NZ shares that Balance thinks is OK, not sure if that's a good reference or not..

BTW, pay no attention to my posts, I'm usually wrong.. make that on average slightly wrong

[Anna Naum]

also becasue in share market there's an opportunity cost for waiting, that's why i sell pgw even i know i shouldn't maybe.

Going to $1 plus over next 18 months/2 years so must be a very good investment to make this worth selling....what is it?

[geezy]

Going to $1 plus over next 18 months/2 years so must be a very good investment to make this worth selling....what is it?

prolly need the money for children's education, new house , new car etc

[Balance]

prolly need the money for children's education, new house , new car etc

Education = BEST investment.