Share Trading Blogs

There has been some shady dealings with respect to AWB shares, David Tweed and his company "Australian Share Purchasing Corporation." A number of farmers in Victoria have reported receiving a letter from Tweed's company offering to buy their AWB shares for well under their market value. Australian Share Purchasing is offering to buy AWB shares off the farmers for $1.50 per share - compare that to the price of $2.71 - that was the share price for AWB when farmers were receiving the letters.

Has anyone noticed that Peter Costello has had a bearish mood all year? I would think that Peter Costello as Australia's Federal Treasurer would have some reason why he is trying to warn the Australian people about impeding doom in the markets all year. Is it because he is a politician and by knowing that the market simply goes in cycles of booms and busts, he will inevitably be right anyway?

Planet Platinum (PPN) has their share price steadily around 15 cents. They claim their industry Group as simply "Consumer services". You may have heard about them when they first floated on the Australian Stock Exchange in 2003. They were in the news quite a bit because of their business mainstay: bordellos and classy strip joints. I think the thought of their business actually made me think that their business would be successful: since of course, that industry is perhaps the oldest industry in the world. Would I invest in it? No. I don't think it is an ethical investment for me. And secondly, the stock doesn't seem to have any trend in price and come to think of it, there is no prospect for growth (well hopefully there isn't or else society is in deep trouble), unless their business buys out other locations.

Their website cheekily claimed:

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