Forum Archive Index - March 2000

[Chris <autotron@ihug.co.nz>]

I agree Kevin, real cheap ON NTA BASIS- not turning pt basis, but my gamble
is that getting cheaper

No, i bought them at 54c, sold as a gamble at 53, on basis that I will
acquire again at 52

So far today they are indeed at 53-54 on mainly $10k parcels

But the dow dropped 2.5% (up to 8am at least) and I think turning point yet
to arrive and nowhere in sight, for ffs

So, will i succeed at getting them at 52 today?
If I had placed for sale at 54 I might have been lucky enuf to "make the
queue", so holding for 54 might have been more cunning in retrospect but
more risky, more boring, less daring

Im confident on lack of turn point basis that ill get them back at 52 if not
today, prioir many selling above 54 

There was another article today on interest rates and overseas money drain-
see sharechat daily news

Upward interest rates and meltdown of highflyers could well see ffs back to
40c OR LESS before it hits 80c next

Rgds
Chris






At 09:49 AM 3/8/00 +1200, you wrote:
>
>
>Hi Chris
>
> I read in the NZ Herald that the 52 week range for FFS is between $1.18 to
>$0.52. Does that mean you brought them at 52c and selling at .53c or taking a
>loss or selling short.
>
>I see that FFS opened at 53c and are trading between 53c and 54c today. Most
>people that l have talked to seems to think FFS is really cheap and a great buy
>at these prices. I tend to agree.
>
>Kevin
>
>
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