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Online Share Trading

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Pinnacle Technology Director

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Pepi
Regular Contributor
Buys 2,000,000 share @ R14.50 for R29,000,000 - that does say a lot. Any views between PNC & EOH?
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9 REPLIES 9
THRESHOLD
Super Contributor
Wait for a possible SENS on the other leg of the transaction: he may have raised (probably did) SSF's as a zero cost collar type arrangement.
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MehmoodHaffejee
Frequent Contributor
You forgot to mention that he SOLD 2000 000 shares.
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MehmoodHaffejee
Frequent Contributor
I like PNC; it has shown tremendous growth and looks liek there is lots more to come.
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THRESHOLD
Super Contributor
Well there you go- as I said above - he was hedging his position through a collar. So - while he wants to hold his position - he is securing himself against a fall. This is a negative news item, if anything.
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Pepi
Regular Contributor
So there's lots of ways to skin a cat - thanks
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THRESHOLD
Super Contributor
Also consider MUSTEK - a similar beast but it looks a lot cheaper at this point. It has broken technical levels and looks like it want to move to R8 in the not-to-distant future.
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Not applicable
Seems to me that it is a sale of 2m shares - I don't see any announcement regarding a director purchasing the same?
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THRESHOLD
Super Contributor
Nor do I now that you mention it??
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Pepi
Regular Contributor
Sorry guys - took it on face value from what i heard and you're right, it was a sale, sorry again.
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