Forum Archive Index - January 2000

[Graham Watt <gwatt@xtra.co.nz>]

David I am stuck with FFS myself after hedging 4 times. I've waited
patiently for a rebound. I initially bought them thinking they would
lead the export recovery. When looking back over 5 year history, I could
see them reaching $2-00 within 12 months. That was 4 months ago. That
decision has tied up alot of my trading funds as I am a day trader. One
of my strategies though is never to sell a blue chip stock for a loss,
assuming that they will keep track roughly with the NZ40. Along with
other mistakes one can easily make in this game (I've made a few) I'm
lucky I can afford to wait for them to recover. Meanwhile the tech.
stocks skyrocket. My advice is to hold on to them.

Regards Graham




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