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A new start for Marconi 11
Madgooner - Thu, 27 Dec 01 :
Shaf..IMHO predicting the daily movements of a stock which appears to be a 'Trader's target' is a fools game.I prefer to step back and take a view on it's true value longer term. The current bond valuations are hefty discounts to par, suggesting real concern about survival,which is according to economic theory discounted in the share price. Economic theory also suggests that all information is in the price, so a health warning is appropriate.
Sometimes emotions can lead to overextension of highs and lows in a stock, and I have been confident enough to take a small long term holding in the stock in the hope that this has happened on the dowside for this stock. Few wwould argue that it happened on the upside last year!
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