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Bluebelle - Wed, 21 Dec 05 :

Taurus

The fact of the matter is that no-one knows with certainty hence the frustration of me and some others with posters who claim they do. I've made clear what I'm going to do and the reasons for it : what others do is up to them.

I repeat, when private investors think they can't lose, be wary. The likes of 'Alf', for example who is sitting on a share which has lost over 90% of its value since he bought it, and which he's tried to ramp all the way down to under 2p, thinks he has nothing more to do than to make a killing when the market re-opens (never having had to pay CGT, the point that some of us have that as a consideration goes way over his head)

The company, its brokers and shareholders have time to manage an orderly return to market. (Another poster mentioned Nick's contact with Philip Green who could buy this out of petty cash!). I personally believe that only if some of the institutional holders have changed their view on the long term prospects for the company,and that others don't want to absorb what they want to sell, will the price fall dramatically in other than the very short term : you know, MMs marking this down to attract retail investors then pushing it up having picked up shares on the cheap. MMs are not obliged to fill buy or sell orders : only to quote prices which they can choose to fill or not : the morning these come back to market is one best left to the professionals in my view : private investors will be taken to the cleaners regardless of what happens.

You have put a price on the company, which is very sensible (it happens to be lower than Fidelity's, but that's what makes markets) : it's your money. For me, this is one of the best companies, in one of the market's fastest growing sectors and I am happy to hold through what may be a short term set back for the undoubted benefit of what is to come.


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