Beware initial euphoria over headline-grabbing deals
Add BT as a preferred source
OVER the course of what has been a largely unimpressive year for the local stock market, many second-line firms have at one time or the other been in the focus because they announced deals with large, headline-grabbing numbers.
These plays have injected much-needed interest into a largely lethargic market whilst benefiting the shareholders of the firms concerned. Furthermore, day and short-term traders would have welcomed these announcements as they produce tradeable volatility.
The problem, however, is that very few, if any, tend to have a lasting impact. So, it's worth noting that the window of opportunity is not big.
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