The week at iPredict
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PM.National sold at just under 74c most of last weekend. At 6 pm when TVNZ announced they had a exclusive story on John Key’s undisclosed Tranzrail shares, PM.National dropped to 71c by 6.30 pm.
The release of the Privileges Committee report into Winston Peters saw a recovery, followed a dip again the next day when he got mauled during question time, resting at 72c.
It stayed at 72c on Wednesday and Thursday, and Friday’s favourable poll results in the NZ Herald pushed PM.National up to a healthy 76c again.
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Peters.Resign share price has plummeted as it became apparent that not even a finding that he had filed false returns by the Privileges Committee and a parliamentary censure would cause Helen Clark to sack Peters. Peters.resign was over 50 c during the weekend and peaked at 65c as rumours of the Privileges Committee findings surfaced. But then PM Clark was reported as saying she was unlikely to act as the process had been tainted and the stock fell to 33c by 6.30 pm Monday night.
The Privileges Committee report was so damning that the prices rose again 57c, but then over the next few days has just declined constantly, reaching a low of 18c reflecting the market consensus that Clark will never sack him.
MP.Peters has also been in decline. The stock rose to 44c, but the Privileges Committee report saw it drop from Monday evening onwards, hitting a low of 32c on Thursday.
The new Benson.Pope stock (on whether he will stand as a non Labour candidate) was floated on Monday at 80c, and this ha proven to be a good float price, as the price has only ranged between 77c and 83c since then.
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Also launched this week were the US.Obama and US.McCain stocks. US.Obama was snapped up at 50c quickly hitting 64c before falling back to 56c where it spent most of the week. As the financial situation gets worse in the US, Obama’s chances have increased and his stock has climbed further to 60c.