Forum Archive Index - March 2000

["Christian Mair" <product@adidas-ep.co.nz>]

Spectrum can go as low as 17cents?! Certainly my opinion as well and if it
should, everyone should buy.
Christian

--------------------------------------------------------
----- Original Message -----
From: Chris Darby <darby@ak.planet.gen.nz>
To: sharechat <sharechat@sharechat.co.nz>
Sent: Tuesday, March 28, 2000 10:21 PM
Subject: Re: [sharechat] re Spectrum


> 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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