Forum Archive Index - January 2000

["ahf" <ahf@clear.net.nz>]

I agree Rebecca, I have been watching SVY for a while thinking that the rally is all hype. But, I got concerned yesterday after watching the price power on on heavy volume all week. Needless to say I thought bugger it and bought 150k @ 10c yesterday morn. Darn! - now 9c. The volume traded suggests something must be up, also on Thursday afternoon the stock was bought up big time just on the close.  It looked to me like biggish investors taking positions (big in volume not so much in value but still significant).  Next week will tell.  The price pull back could be just profit taking after rising approx. 60% for the week or investors thinking along the lines of what you have said. I will be concerned if the price retreated further but conversly if things bounce up on Monday this current rally will have more legs yet. The company has said that with the cash from it's Dairy Brands investment that it is looking for "other investments".  Usually co. speak saying they are looking at investing in the techno industry. The rally could be small investor hype based on that or the usual insider trading by those in the know that we see in the NZ market regularly. The former bad the latter good for the price.       Regards,       Andrew.