Day Trading & Forex Forum

Riz

SCO shot up today..+10.25 (16%) to 74.25..

It appears that talks of an imminent takeover of sco by 21 pct shareholder Vivendi SA resurfaced in the market..

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shelman

Hi riz,
For anyone holding these lets hope its not the mischief makers at work again.
Steve

Riz

SCO up again 3.5 (4.7%) to 78.5..

shelman

Nice call Riz.
Bought @ 75 sold @ 86 Bought @ 79.75 and nearly sold at close today but ADVFN went down at the crucial mo...again!
Steve

__________________

Riz

I have piled in, Steve..expecting a few pops if they manage to stay over 80..good luck

rizgar

SP23

Date: 25 Jan 2001 10:04:31

LONDON (AFX) - Shares in on-line directory service Scoot.com PLC
rose
sharply in midmorning trade as some 2.5 pct of the company changed
hands in the
market in what traders described as a "derivatives trade."

Although dealers were keen to play down the significance of the
trade,
saying it was made merely to protect positions in the derivative
market, the
news inevitably reignited hopes of a bid for the beleaguered group.

According to The Guardian newspaper, Scoot boss Robert Bonnier has
held
meetings with France's Vivendi Universal, which already owns a 22.4
pct stake in
the UK group. The paper reported that a deal has been struck and that
Vivendi
will launch a 125 pence a share bid later this week.

But the Daily Mail named Hutchison Telecom, which is owned by the
Li-Ka
Shing-controlled Hutchison Telecom, as the likely predator, saying the
Hong
Kong-based group will bid some 150 pence a share.

At 10.02 am, Scoot.com shares were trading 4-1/2 pence higher at
86 pence,
with some 18.49 mln shares changing hands."

I think this is what the fuss is about.

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shelman

Riz
What do you think? The MMs are able to hold the price around 85/86 even though buys keep outnumbering sells.
Have they something up their sleeve?
i'm itching to get out again but cant get a clear signal.
Steve

Riz

Hi Steve,

I am not selling SCO just now..I think it can recoup more with or without bid rumours (which will never stop)..all signs I follow -general trend, charts, news, rumours, etc.- are telling me this stock has got more upwards..that's only my personal opinion of course...can never be sure.. unfortunately generally they go up and down..but I need to have predictions and act accordingly...well whatever.. that's my humble opinon and very very good luck to you..

rizgar