re: Ann: PRT: Change in substantial holding f... Cheers Rabbit....

re: Ann: PRT: Change in substantial holding f... Cheers Rabbit.

PPT did nicely out of IAG. And a quick fix out of CLH, where the insiders are still piling out while the newsletters keep spruiking it.

It depends on size Rabbit and what percentage of the company's stock the fund contains and what price they can realistically sell for. For a small time trader, it doesn't matter as it's easy coming in and out with a few hundred dollars. - AGO is a prime example of how not to trade as a fund, Schroders picked 20% of them up for $4, chasing them on the way up... more recently they've changed tact on their strategy for iron ore plays and decided to sell out... but are having trouble doing so without realizing 75% losses :D

I almost performed a scalp on SIR today... I wouldn't buy it as an investment though, but more as a plaything (you don't put money with Creasy and expect to see it again - Bennett has the taint of AXM on him). Strangely SIR is now trading on par with its more seasoned rivals. Bollinger looks exciting, but I suspect the size of the hit has fooled some into thinking that it's extraordinary.

Cheers,

ps. They make good taxi drivers though. I hear a few have dusted off their licenses and keen to do the rounds.