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29/11/16
20:36
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Originally posted by Funkyroski
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This is an Outrage!
I'm Amazed that people are allowed to get away with such market manipulation and back door gurilla tactics!
It is an absolute impossibility that an expensive attempt to enhance growth BY A COMPEDITOR. Could have anything to do with the share price of TPG!
This is a clear cut case of market manipulation,by the Un-scroupulos types at UBS and alike, to Scare the small time "Wood pigeon" investors out of their hard earned money for a quick buck!
Going by the off market trades after close today; Two Large Short positions were taken out today.
The first right after open to the tidy sum of $448 000
And the second, presumably because they had made so much money that they thought they'd give the wheel another spin, to the the tune of $280 000 at $7.10.
There is fundamentally nothing wrong with TPG, its business or its acquisitions. I'ts a down right dirty move to pull. Stealing people's money in any form is a crime and I feel for the people who's gains were erased and for the people who were scared into selling at a loss.
Just because TPGs share price is recovering from a large ,perhaps, over correction does not mean it is not a blue chip stock. TPG is trading on a lower P/E than Telstra. And exhibits far greater business efficiency and growth prospects.
I hate to read all the posts about people writing off all telcos as "risky" and that the practices of unscrupulous short selling big swingers it defrauding the little guy of our money and defacing the value of a quality company
I believe TPG is due for a rebound in the short term and believe there is no evidence to suggest that there is any fundamental problems with the company or its growth forecasts.
-ends-
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What about the great telco churn even of our lifetime that is the NBN roll out and with that uncertainty around margins as a result of customer migration onto the NBN?