Forum Archive Index - February 2000

[tonysw <tonysw@xtra.co.nz>]

rebecca bibby wrote:
> 
> Bret,
> 
> I've been hit with the "strong-company-profit-but-dropping-share-price-
> syndrome" once too many.  It baffles me that on a good profit announcement the
> share price drops against all other indications.  I can only deduce that the
> share price has less to do with profit than a change in investors psyche.
> 
> Cheers
> 
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I think you're quite right Rebecca - take FEG & POA for instance.FEG
inceased profit, div. 8c & oil reaching over $30 last week - now @ $4.17
with a said backing of $6.50.
POA increased profit, div 9c + spec.15c America's cup hipe etc & now @
$4.9. 
You have to be real gooooood to get timing right!
Regards
TonyW

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