Trade Me (TME)

[In4a$]

Already made 2.5% on it yesterday (thank god I sold!). Definitely still on my watchlist for a bounce

Lucky you - I was holding out for $4 + today, freaken price dropped 0.20c on me.!

[BlackCross]

Gotta be quick unfortunately. Everything says were going lower... much lower. Considering a buy back in if it hits $3.40.

Except for MorningStar who have reiterated an accumulate this morning ($4.40).

[warthog]

Huge spike in volume today towards close. 1.5m off-market at close. (edit: plus another 0.25m after close).

Looks like a big holder getting out, but why we may never know.

[ratkin]

Posted in feb 20113

Interesting that many commentators and other so called experts are calling fairfax crazy for selling their best asset.

Would imagine though that fairfax would have a better idea of whats happening than outside "experts", after all they have made
half a billion on the deal

Trade me looking more and more fragile. Once site visits start falling (as they are) then interest from the public can drop quickly. The great unwashed spend all day on facebook now, barely give trade me a second thought.

[alistar_mid]

was gonna buy some, as although they are choking property right now they seem to have faith in their strats long term, and 2 yr low.. but on second thought after reading this thread i'll wait!

[winner69]

Trendline downwards starting to shatter, new lows being posted. Not looking pretty and waiting for the inevitable shake out of weak hands and tired holders around $3.40!

Disc - watching for a buyin. Catchee catchee fallee knifee!

Why not wait until the IPO price of 270

340 just sounds like a nice number .... any real reason for picking 340 moosie

[Okebw]

We had one of the directors of Watsons come in as a guest speaker in class last Friday.
Really nice guy. He indicated that there was an industry consensus that unless trade me dropped their property fees back to the previous level that agents would be avoiding it

[noodles]

We had one of the directors of Watsons come in as a guest speaker in class last Friday.
Really nice guy. He indicated that there was an industry consensus that unless trade me dropped their property fees back to the previous level that agents would be avoiding it

If you didn't know it already, it sends a clear message that real estate agents don't care about their vendors. How could they possibly consider avoiding advertising on trademe!

DISC: Not holding trademe. Look forward to a cheaper valuation in low 3's.

[noodles]

two side's to every story noodle's.
Real estate agents are not the only one's openly discussing the monopoly price rise's that TM have forced on their customer's for many years..... just had more media coverage.
Finally TM have tried to wave their big stick at another cartel that wont be bullied.
The real estate companies all have great website's that have excellent coverage and were in place well prior to TM coming along and I am really confident they will not yield to the TM big stick.

Are you saying that buyers have started visting the realestate.co.nz site more often since trademe raised fees? Because, lets face it, it is only the buyers that matter.

[clip]

I believe there will be some new offerings in the works between the real estate agencies/places like REINZ/re.co now that trademe have raised fees to try and poach the agents away from trademe listings. the agencies/agents are NOT happy about it