Forum Archive Index - February 2000

[kevin.young@gfmb.co.nz]

I think you miss the point. Traders do not trade on fundamentals they don't care
about the company's management, profit or direction. They are only concern with
price movement and liquidity. If you were a serious investors you would not even
look at SVY.  Its like get in and then get out. Now I don't want to start
lecturing on what's the difference between traders and investors. But you can
benefit from rumours and comments that drive prices down as well as rumours and
comments that drive prices up. SVY is a very risk investments. If you were a
chartist then you would understand. Buy at a low sell at a high.
I don't think my comments will do anything to SVY. What l am trying to say is if
you buy SVY then your are a trader. Traders are watching the price and volume
and will be in and out before you can say "what's going on here".

If you asking "what should l do with my SVY" then l think you need to rethink
your investment strategy.

Anyway SVY is going to sue Auckland City Council for approx. $100m over the
Britomart project . How are they going to fund it...through a rights issue. Are
the current shareholders going to be happy with that. Will they win. Will ACC
settle out of court.

Kevin


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