spp = price destruction!!, page-28

Hi TC,

I was not trying to be smug in any way, I certainly don't like to see people loose money in this market, I am not shorting ANZ either so I have no motivation for it to go south. My LOL was more my attitude towards the many different people on the various ANZ threads who had worked out all manner of ways to have the allocation assigned to their respective trading accounts before others did, so that they could trade them asap, that I thought was amusing because with so many people wanting to offload perhaps the price would be pushed back down to the $14.40 price to the point where zero profit would be had. Todays market is a lot different to yesterday and that scenario may not ever play out. Mind you some had devised some nice ways of seeing the price drop and make $ on both sides of the trade.
But as I said that is not in my interests.

Hope that clears things up a bit.

In my opinion Anz is a different beast to what it was before the $4.5 billion war chest, how well they handle their shopping list will have an effect on the "new Anz"

Cheers

Obe

Obewan there is nothing wrong with your opinion I did take your post the wrong way. Even I think it will drop lower but you did come across as very smug. Personally even if you said $7 dollars was your target I would not care opinions are what make HC a good read its just I didn't like the lol lol lol when commenting on it dropping.