UBS AG have a sell on Tap. That was in a letter to investors last Thursday so expect their investors to blindly sell into today. Almost all brokers have a sell. Takes some real kahunas to hold or acquire right now but that's where fortunes are made I guess. My break even is 60c so I'm screwed no matter how this pans out. Even if chat chai or another suitor offers a premium I'll be well short. Will be a shame to see all those franking credits go down the tubes. Interesting article in SMH today re Tap.
TAP Price at posting:
28.5¢ Sentiment: None Disclosure: Held
