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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

583.0. "Tiphook PLC of the U.K." by SCHOOL::DESAI () Fri Oct 08 1993 14:10

    Does anyone follow Tiphook PLC - an ADR? It crashed yesterday on bad
    earning report (down from 11 3/8 to 6 as of 10 am this morning). Last
    years high-low were 17-8.
    
    As the share price stabilizes, I might consider adding more to my more
    'expensive' batch. Any opinions, especially from the other side of the
    pond? 
    
    It was recommended by Forbes few months ago that's when I started
    watching it (at 14+). It went down to 9+ that's when I bought some.
    It was going up slowly and steadily since then and then it crashed :-(.
    Basically I wish to know if the market overreacted. If the prospects
    look real bad for return to profitability, I might as well cut my
    losses!
    
    thanks,
    
    - Rajesh
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583.1Any clue on why it is so low ?NYOS02::SRINIVASANWed Nov 17 1993 20:204
    What is going on with this company ?
    The stock is at 2 and change .
    
    Sini
583.2TPH detailsSCHOOL::DESAIThu Nov 18 1993 12:032
    Yes, I am interested in getting more details too - anyone with newsservice
    subscription or other means please post some gory details?
583.3some info I picked up....SUBURB::THOMASHThe Devon DumplingFri Nov 19 1993 11:5923
583.4finally the slide may have stopped?SCHOOL::DESAIFri Nov 19 1993 17:208
    Thanks Heather. Looks like some good news may have come out today and 
    so the stock is up from 1 3/4 to 3. 
    
    Pl. keep the info coming as and when you get it.
    
    thanks,
    
    - Rajesh
583.5TPH moving up againSCHOOL::DESAIMon Nov 22 1993 14:249
    TPH jumped from 1 3/4 to 3 on Friday. Transamerica is offering $1.2B
    for their container business and so will take care of almost all of
    TPH's debt.
    
    Dow Jones Market Monitor service (as of the weekend) is firmly bullish
    on the stock. Accrding to the service, the low (over sold) resistance
    is at 2 59/64 and high (overbought) resistance is approx. 7 1/2.
    
    I  picked some up this am.
583.6SUBURB::THOMASHThe Devon DumplingTue Nov 23 1993 11:366
	News not so good here, the bit they are selling off is where they are 
	getting the profit from, so they don't know how they will pay off the
	rest of the commitments, when they have a loss making company.

	Heather