Archived posting to the Leica Users Group, 1999/09/27
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]>Date: Sun, 26 Sep 1999 20:06:56 -0700 (PDT) >From: Bill Erfurth <m6rf@yahoo.com> >Subject: [Leica] I am very concerned. > >I have been quite busy and have not been following >Leica stock like I usually do. Today I had a chance >to take a look at it, and the picture is not good. > >As I recall, a couple months ago Leica was at about 13 >or 15 Euros, now it is a 8 and some change. What this >means is that Leica stock has lost, at least, one >third of it's value in the past couple months. And, >it was down last week again over 11%. That is not >good. Imagine your house loosing 30% to 40% of it's >value in a couple months. > (snip) > >Regards, > >Bill Erfurth >m6rf@yahoo.com > ########### Bill, As you know, financial markets are efficient : the price includes all the available information. If the price of the Leica stock goes down, there is a rational explanation. 1°) At the end of september, at the annual meeting, news have been given to shareholders (or have been anticipated by them). Which (bad)news ? I ignore. 2°)Ignacio Lopez and a group of investors have tried to take the control of Leica. As they failed, they probably sold a large amount of Leica stocks inside a market of small extent. 3°)As I wrote before, the market is waiting for a strong signal from Solms. If no new product is in sight, it's finished. That's my 2 cents thought I put in. Dominique