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Specializing in the design of mobile video and multimedia systems and solutions based on OFDM technology Since 1990. Posts with name calling, lacking clarity or excessively verbose, will be deleted. Viewpoints pro or con always welcome

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Message: smart money?????

smart money?????

posted on Jan 30, 2009 04:35AM

okay, on UTS recent news and trading -- was the smart money in before the stock instantly more than doubled this week or was that them (the smart money) buying after. you see, this whole myth of smart money is exactly that -- a myth. the fact of the matter is the stock (UTS) is trading double what it was a few days ago -- it's what makes the market work, differing opinions of value. if this myth of "smart money" had any real merit nothing would trade as it would always be fairly valued (no need for a market).

Oh yeah, deposits on bids -- do I remember correctly that potential suitors / bidders need to place a 10% deposit with the monitor to prove that they are serious? In other words, no backing out once the rubber hits the road.


Jan 30, 2009 05:07AM
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Jan 30, 2009 12:10PM
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