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Re: [sharechat] FFS

From:	"Derek Watt" <watt250@hotmail.com>
Date:	Wed, 19 Apr 2000 12:34:05 NZST

Thanks for the tip Dave.

Well, I don't know if that rumour is driving FFS
but something is.

I'm back in FFS today at 69c. I took a 4c loss
on ffs, but I look upon it as a bit
of insurance. Better to be out at 65c on Mon
than see  the price fall to 55c on Tues (which it
didn't - curse the US market! )and better to be
in again at 69c than see the price take of without
me (when I last looked it was 74c).

In this case Hugh would have been right - it would
have been better just to hold FFS through the crises.

But it could have just as easily gone the other way,
in which case I would have been covered (and
will cover myself again if it does go down). Still
better to take a small loss on ffs than to miss
another flp (which I didn't miss).

Derek W







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