Forum Archive Index - March 2000

[Chris Darby <darby@ak.planet.gen.nz>]

Andrew,

SPE looks like it could ease more, I'm guessing to as low as 17c.  Any 
comment on that from tech/chartists?  The 7:3 rights issue at 5c is just 
around the corner and although we are only dealing with a penny stock, 
such an issue demands investors to increase their capital outlay by 
approx 50% on todays price.

I first took a look at 27c and have seen it slide with only a hiccup of 
support along the way.  Like you I passed it by for better buying the 
following day.  A little slack was absorbed at 25c but the swift drift 
south continues.

The fact that it was at 40c means nothing in my eyes.  The waiting for 
confirmation, news and  rights trading is wearing many sellers out.  

Keep watching for a handsome entry opportunity.  Once the rights issue is 
out of the way, I think this stock will lift dramaticly.

Good buying,

Chris  

    

Andrew wrote,

>Anyone know of any reasons as to Spectrums fall today.  Were looking to
>buy in at 24 yesterday but didn't they look even more attractive now.

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