Forum Archive Index - March 2000

[Nick Kearney <nk@xtra.co.nz>]

Frank

Thanks for this.  I missed the Christian comments.

I was one of those who cashed in this week and made a nice 35%.  I
actually think the stock will decline now and settle close to $4 and
then will surge agian in a couple of months./  There are a couple of
reasons for this.

1.  I think the $5 mark is a psycholgical one for the stock and the
market is not ready for it at the moment.

2.  there will be some profit taking and hence the stock will rretrace
on the selling.  

I fully intend trading the retracement at about $4 -$4.10 and will get
back in then.

ITC did the same thing back in January and I cashed up in the 90c region
but mae the mistake of not getting back in after the selling off.  I
won't do that this time!!

Once again, thanks for the input as I missed the comments and they are
very interesting

NK 

frank fernandez wrote:
> 
> It was good to see the NZSE Market Surveillance Panel on the ball in
> asking the Advantage Group to explain its sudden price surge this
> week....to which of course ADV said that it didn't have a clue except
> that the company, in the past two weeks, had been raising $10m through
> overseas investors.
> 
> Quite a plausible reason, I guess, to explain the renewed interest by
> investors in the company.
> 
> But then Advantage also added that it is in the process of finalising
> its interim results for the half year ended 31/12/99, and "expects to be
> in a position to make a preliminary announcement in that regard by the
> end of this week".
> 
> Well, well, well, the picture is most certainly starting to become a bit
> clearer now .....though it was obviously lost on the (presumably)
> short-term traders who cashed up today - rather prematurely, I thought,
> because of the following reasons.
> 
> Evan Christian, Chairman of Advantage has been quoted in this month's
> issue of "Unlimited" as saying that ADV is expected to have equivalent
> revenues this year to ASX tech darling 'Sausage'.  [Sausage last week
> reported robust half-yearly revenue of A$17.3 million and an after-tax
> profit of A$1.9 million]
> 
> Evan Christian was also quoted as saying that he believed ADV would be
> valued at least five times as much if it was listed in Australia or the
> US.....and this is why ADV aims to list on the ASX  by the end of June.
> An ASX listing will naturally favour ADV investors in obtaining
> preferential shares and is likely to be a huge 'carrot' for New Zealand
> investors.
> 
> Maybe the broking pundits who predicted recently that ADV will zoom past
> the $5 mark will be proven right over the next couple of days. It would
> be extremely interesting to see the NZ market reaction to a good result.
> 
> Cheers,
> 
> Frank
> 
> ----------------------------------------------------------------------------
> http://www.sharechat.co.nz/          New Zealand's home for market investors
> To remove yourself from this list, please us the form at
> http://www.sharechat.co.nz/forum.html.

----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.