Telecoms stocks hit hard

I'm confused... not long ago we were told that Telkom shares were nearly 40% down:
http://mybroadband.co.za/news/Telecoms/2465.html
At current levels, Telkom, which is down nearly 40% since its peak on September 3, looks like a real steal.
Click to expand...
Now this:
Telkom – which hit an all time high a few months ago of over R 190 per share, closed at R 129, a 52 week low.
Click to expand...
That's still not 40% below...
 
Bradbowlllama said:
I'm confused... not long ago we were told that Telkom shares were nearly 40% down:
http://mybroadband.co.za/news/Telecoms/2465.html

Now this:

That's still not 40% below...
Click to expand...
Telkom (TKG) down exactly -32.46% from the 3rd of September 2007 when it peaked and closed at 19099 until yesterday the 16th of January 2008 when it closed at 12900.
Take into account that World Markets are not in good shape at present and there are a number of other Shares on The JSE that have recently declined as well, not just Telkom.
 
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BTTB said:
Telkom (TKG) down exactly -32.46% from the 3rd of September 2007 when it peaked and closed at 19099 until yesterday the 16th of January 2008 when it closed at 12900.
Take into account that World Markets are not in good shape at present and there are a number of other Shares on The JSE that have recently declined as well, not just Telkom.
Click to expand...

OK, so it's more like 30% as at yesterday... not 40% as at over a week ago as the financial mail reported...
Sorry for sounding petty, but I got my hopes up :)
 
Time to buy?

Too bad for anyone that went out and bought Telkom shares on the advice of Finweek etc... :D
 
I have to wonder if Telkodemonopolies is now kicking itself for not waiting a while longer after orchestrating its own share-price-plummet by announcing that it had cancelled merger talks with MTN and had cancelled selling off 50% Vodacom, and then bought back a whole lot of its own shares when the share price plummetted after the announcement - the monopolistic beast could have waited a bit longer and paid even less to buy back its own shares...
 
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