Forum Archive Index - May 2000

["Osbert Sun" <osbert.sun@xtra.co.nz>]

Yes it's probably a good time to look into ITC again. After all it's a very
promising company with sound management and strong connections worldwide.
Hopefully we will see some steady improvement from here.

Kind regards,
Osbert Sun

----- Original Message -----
From: "Derek Watt" <dkw@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, May 02, 2000 6:19 PM
Subject: Re: [sharechat] ITC


> my 2 cents-
> ITC has been pretty stable at 29-30c since the US 'correction'.
> Its difficult to see them loosing more ground since the asset
> backing is supposed to be about 19c. Therefore I surmise that
> short of another US 'correction' there is little to loose by buying
> ITC at the moment. It can go up to 40c quite easily from here,
> as it has done in the past. It just takes something like the
> DFM play of the week to give them a push.
>
> Short of that one could wait for another downturn in the US before
> buying, but even then it is hard to imagine them falling below 20c,
> and of course they would be worth holding on for the long term anyway.
>
> Derek
>
> (don't own any ITC or ITCOD, last sold ITCOD at 32c)
> (Haven't read play of the week yet)
>
> >In the US market ICALF(ITC) finished at .17c and although down 2c from
> >yesterday we just can't get over .30c in the NZ market.. its DFMainland
> >play of the week on their site and I bought more to-day at these prices,
> >crazy or profitable long term hold? Thoughts!



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