why the big drop?, page-21

well your average just keeps slipping boys

the problem is,

why not sell when you can buy back for 28 bucks.

Now it doenst take the whole regisatry to think this way, just the volume to get there.

I've seen heaps of rigths issues and the price most always goes to the rights price.

Now unless that company has exceptional use of funds, such as MQG, did, that spurred the growth onward and upward, to aquastions, this average stuff is only for fair value.

Throw fair value out of the door, when it comes to this market.

What fair values were ascribed during the mega sell off in oct?

And now shorters have most likley got wind of it.

It really depends on the regeistry, and how many big instos are ready to step up and BUY to support this notion of your average fair value.

Or how many hedge funds are now shorting the crp out of it.

And how many retailers are saying at a fully priced stock, what bugger all div they got, so what does it matter if their pie is reduced by selling all, and buying their 1/2 share back with their rights.

Heck, most rights issues, unless you have serious CGTR at stake, when they offer a 1 for 2, you are best to sell at the high, take all you dollars out IMO, and just buy back at the rights price.

SO, again, why not sell? and if you have rights, use your sell money to buy back the shares, and keep the dif.

Heck, it actually rallied the day of the announcement, !!!!

Bet those people who bought to take part are the biggest losers around.

cheers