billabong buy recommendation, page-2

Trading will continue to be volatile until a bid comes to the fore. Speculators jumped in on Friday afternoon as the trading action pointed towards possible news over the weekend. Most of them would have dumped their shares over the past few days out of shear impatience. Fortunately the sophisticated money that coughed up 200M+ at $1.02 will put a lot on the line to defend their buying so these prices in the low 1s have a degree of safety about them. Patience is the key with this one, but we shouldn't have to wait much longer than the next week or so before the takeover action fires up. If it was good enough for TPG at $3 and MQG have been buying more on market recently, seemingly on their behalf, then....?? Fill in the blanks :)