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bingcrosby - Wed, 29 Dec 04 :

I seem to remember a piece of well-informed info on this board pre 11th December when Burren was suffering a bear raid.

Story went along the lines of shorters pushing the price down on expectation of big transactions at the end of the lock-in. This had been triggered by a loose tongue at Seymour Pearce and misinterpretation by a client.

It then became clear that the large holders would NOT be selling at the then current price of circa 390p and would look for at least 20% more. There then followed a bounce back up.

I'm concious that we are now around 20% higher than the recent lows. Could this be relevant to the muted response today? Or am I just overly twitchy?

BC


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