Research in Motion will now have resistance located at $58. There is also that key comment that initial shareholders will have the right to buy shares at $1 again in the next 18 months or so. Do you have any comments with regards to the dropping share price and your initial valuation of the IPO? I would agree with him that liquidity would affect the share price somewhat but if the market had an overwhelming positive feeling over Burger Fuel’s IPO valuation then the low unique boutique liquidity would have presumably shot the share price well above the NZ$1 IPO price as the reality of the market negativity over Burger Fuel’s market cap has seen the share price dip to 65c as of today. No.2 stock Fletcher Building pared its morning loss to 5c, ending on 1175, after it was confirmed as the prime contractor to revamp Eden Park. The situation in the Australian outback quickly became dire, but the pair were eventually located by a field worker on Tuesday morning.
Not really – as you know at present there is nervousness in world markets and general tightening of the economy, but in our case it’s mainly due to a situation of low stock liquidity; so just a few small trades can cause the stock to drop if someone needs cash or wants to accept a lower offer. My dad owned a few muscle cars back in his teenage years. Mostly the blue chips but also a few middle to smaller cap stocks have been targeted by these funds. Small Cap Bull 3x (TNA) – TNA is still up 120% since the election. The lesser disclosure requirements due to a listing on the NZAX ,coupled with the bulk of the company still being management owned, mean that human nature, as it is ,favours the dominant player in this scenario and that means the majority of the power and future gain, if any, will be in the hands of those at the top of the tree.