Forum Archive Index - February 2000

["Osbert Sun" <osbert.sun@xtra.co.nz>]

Kevin,

Now you said it! I think members of this forum will be too scared to buy
this stock on any rumour that comes in to play from now on. Here goes your
trading opportunity with SVY!

Osbert Sun

(Disclosure of interests: I hold shares in SVY)

----- Original Message -----
From: <kevin.young@gfmb.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, February 18, 2000 3:57 PM
Subject: Re: [sharechat] Savoy Safety Net


>
>
> Savoy is a highly speculative investment. The acquisition into Safety Net
was a
> small acqusition (around $500k) but a necessary one to boost its share
price.
> Savoy is in a cash strapped situation and cashflow remains very tight. The
> investments into Safety Net will require on going cashflow which Savoy may
have
> difficulty meeting.
>
> Savoy is always a traders stock where you "buy the rumour and sell the
fact".
> Savoy is too risky for any serious investment.
> I would not be holding or buying any SVY at the moment. I know that there
will
> be some more positive news to come out of Safety Net and SVY share price
will
> again rise on a "rumour". I will be buying on the rumour and selling on
the day
> of the new release no matter what the price is.



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