Forum Archive Index - February 2000

["Wedde, John" <john.wedde@cit.ac.nz>]

Oh yee of little faith!!
Can't help thinking that the article in this month's "Unlimited" and perhaps
some other unfavourable press which I seem to recall somewhere recently may
be contributing to the short term stagnation in the price. I disposed of a
few last time it was at this level but think I'll hang in there this time
with the bulk of them.

John Wedde BCA, MA, Senior Lecturer, Business Communication
Programme Leader, NZ Diploma in Business
Central Institute of Technology
Box 40 740 Upper Hutt, New Zealand
EMail: John.Wedde@cit.ac.nz <mailto:John.Wedde@cit.ac.nz> 
Phone: 5276397 EXT. 6747 Mobile 025843729

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                -----Original Message-----
                From:   brendon peters [mailto:bndpeters@postmark.net]
                Sent:   Friday, 25 February 2000 07:24
                To:     sharechat@sharechat.co.nz
                Subject:        [sharechat] ITC's decline

                I agree with comments about ITC not being able to keep above
the 80c
                resistance barrier and halting this continual decline to the
70c mark.
                The interesting thing of course is when it comes to
financial results
                reporting time - and how ITC will fare in the markets then. 
                We have seen one of Australia's tech darlings, Solution 6, a
couple
                of days ago, posting a phenomenal $66 million net loss for
the first
                half of its financial year. Six months ago, Solution 6
shares were
                trading at around the $18 mark, today they are only worth
$7.51. 
                And today, I read that Sausage Software (creme de la creme
of Aussie
                tech stocks) announced yesterday a sizzling set of financial
figures
                for its half-year results to December 31, 1999, reporting
massive
                increases in both revenues and profits. And what did the
market do
                yesterday???
                Sausage shares went down 4¢ to $5.31.
                With the above lessons in mind,investors must be realistic
about the
                prospects of stocks such as ITC - and not hang on to their
shares
                because of some unrealistic expectation that they will soar
to giddy
                heights. If you can pick up profit, do so as otherwise
somebody else
                will and you will be left behind.

                Brendon




        
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