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Author Message  holycow Member Username: holycow Post Number: 790 Registered: 08-2004 Rating: N/A Votes: 0 Thursday, February 03, 2005 - 08:29 am:     Source The Sydney Morning Herald --- Page: 27 Challenger Financial Services claims that it does not know why its share price has risen by more than 10 per cent over the last four days. It was asked for an explanation by the Australian Stock Exchange. While the financial services group says its earnings will be in line with broker forecasts, these vary significantly. JP Morgan is expecting a net profit of $A46.8 million and Smith Barney Citigroup forecasts only $A29 million. The stock closed $A0.06 lower at$A3.42 on 2 February 2005, after rising by $A0.18 the previous day Well, if they don't know then we can all assume it's due to speculation and some big guys are out to make a quick buck... take the day before, about 4 millions shares @ an average price of say 3.30, you are looking at a gross sum of about AUD13.2 mil, it sure doesn't sound like money coming from the small timer, is it? Watch this stock. No, watch this market! HC "... if you've got a chart, I have an opinion!"

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