take over attempt?, page-25

Karlene,
If you purchased something for say $3.50 and it sent you a cheque for $1. What would you do the next day?

Spend the $1.

Ok, what would be the second thing you do? Buy more at $3.50

Meanwhile what would all those people who also got $1 be doing?
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So, long termers buy the CDU because they want to have what they think they will need in generous dividends before they can't afford it.

This is what drives a market.

If the $1 dividend does not turn up. That drives a market too.

as for this comment
"...abuse has been hurled in the direction of traders and shorters, maybe they are one reason why the stock has remained as liquid."

What a lot of meaningless unsubstantiated claptrap. People sell for all sorts of reasons. Some get themselves into financial difficulties trying to buy property and need the cash is but one example.

People buy for only one reason though .. expectation.

As for your Ernest Henry comment "..not that large", is ancient history.

and this "..and you need volatility to keep things on an even keel." Surely you jest. People managed just fine thank you for centuries back in the day hen people read reports and tried to buy on fundamentals Bubble speculations occurred, but stocks were never meant to be volatile, just higher appreciating stable investments slightly more risky than banks but bigger returns. Where the goodness did the idea get swamped by your new logic that says volatility is essential??

Go to the used car narket..people buy and sell all the time. The price of a 1998 Holden Barina doesn't need volatility..people sell because they need cash, a bigger car, whatever, and the price of a Barina is set by the market based on a range of factors. Price volatility isn't one of them.