Forum Archive Index - March 2000

[Derek Watt <dkw@paradise.net.nz>]

Nick,
It was well spotted that Nufarm were to rise this week.
I've been holding onto mine for a while (bought at $3.55,
a bit early, when they were on the way down).
Will sell if the get to $4.80, since there are so many other
bargains out there to choose from.
Derek

At 06:08 PM 3/28/00 +1200, you wrote:
>               Why no follow up  to this post? is everyone too concerned
>with air new zealand that  they missed the standout opportunity of the 
>week?           (posted    sunday)
>          The rise of    nufarm has begun and here are the   reasons why it
>will continue.       1) Fundamentally the stock should be over 6    dollars
>which   means at present levels the stock is way under    valued       2).
>The selling in New Zealand is now finished,    anyone who was going   to
>sell during the stocks slide will have already    done so       3.) Nufarm
>has made it into the aussie index    which telecom and the        fletchers
>failed to be    included in. The stock is now being taken up in      
>earnest by the portfolio    managers        4. A proven record of eps
>growth which is    likely to continue into the future        5) They
>announce their yearly results this    week and judging by the way        
>the stock has    begun to move upwards in advance of the announcement a    
>     good result    is probably expected                 Conclution : The  
> complete lack of selling pressure, plus an expected      good result could
>see this stock    rise rapidly during the week to at least 4.00      There
>will still be    room in most portfolio managers selections for this       
>Buy now before the opportunity passes,   there is virtually now downside
>risk at present    prices.                    3.40 and have no intention  
>of selling in the foreseable future        nick
> 

-----------------------------------
Derek Watt
http://members.tripod.com/DKWatt/
-----------------------------------




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