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19/12/07
08:48
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Lots in there early.
The media really is a stocks best friend or worst enemy.
Maybe lots of people have read what has happened, and think it is a great chance to get in to a (ex) blue chip stock at a cheap price.
Most people, myself included, have only a limited idea of the complexities behind the collapse, and as such may just be buying with a little hope.
Bottom line is this: sort out the financing issues, and the current prices will look cheap. Don't, and current prices are expensive.
It is a punt some will be willing to take, even if they just buy a small handful 'just in case'.
No one likes to miss a bargain, even if it is not yet known whether or not it is a bargain.