itochu buying 10% of ext for us$170m?, page-22

>Probably not as much as Polo wanted but it does give the market a wake-up call that other markets, ie the corporate market has a different valuation to that arrived at by the general ASX traders ie the geniuses you get buying 1,000 or 2,000 shares.

>I have been saying it until my throat is sore, the ASX traders have no idea, it is only corporate and sovereign
entities that do the calculations and work out the value.
MY COMMENT:- Harlee it is irrelevant as to who you think has any idea as it is the share price that is determined by the overall market. You can forget the attitudal comments about traders being geniuses as sarcasm is the lowest form of wit.

Harlee,

You are correct as It is a big wake up call. The big boys are starting to sell at these prices (Polo in this case).

It astounds me how anyone could have let there hard earned go under $9.50 as that is far higher than what Polo has even been able to get.

After all of this talk about EXT being worth $15-$30 in the short term and yet Polo who is normally very good at taking advantage in profiting through take overs is selling at this price???

That is definitely a wake up call to me. If they are selling at this price they must see little upside in the short to medium term otherwise they wouldn't be selling would they???

Polo is also a company that gets in on possible take overs and out if there isn't going to be one.

Note:- Emotional attachments to any particular company can be a very costly learning experience.