RE: Hargreave Hale Ltd16 Aug 2013 03:12
kingpin_z,
When you first talked about selling (on the iii board) the price was 164.50, now we are at 193.
As far as I know you do not have any shares of ZYT but you are certainly taking a great interest, trying to drive the price down?
HH may well have an inside line and what you say may be true but for the moment my belief is that this has further to rise and a good div as well, which I have already benefited from. Thursdays rise was certainly dramatic, especially in the light of a heavy general fall in the market!
HH may be selling the shares for all kinds of reasons which we are unlikely to ever know.
Having been up to 370 last Oct we are now at the same price as 2005. I think the price already has a lot of downside baked in but if you are so confident of a big drop why not short the stock, you will be alone but nobody made money by following the crowd :-)
DYOR