Forum Archive Index - May 2000

["glenn morrison" <mejito@ihug.co.nz>]

thanks for info  i have had 2 profitable trades[ffs] this month and waiting to re enter

----- Original Message -----

From: Osbert Sun

To: sharechat@sharechat.co.nz

Sent: Friday, May 12, 2000 11:59 AM

Subject: Re: [sharechat] FFS - Glenn Morrison

Glenn,

 

Many investors are sidelined at present in anticipation for the FED meeting next Tue about raising interest rates in USA. What worries people is not how much increase the FED is going to put on the short term rates (0.5% is a likely target), but what would be the next step that the FED would adopt to combat the rising inflation concern. The way I see it, the sale of FFS division will take time. We may have to wait until after June before anything significant comes out. As I said in my previous post, if there is no announcement made within next few weeks, the price of FFS may drift back a little bit due to profit-taking unless the sentiment in equity investments makes a strong turn-around. Again I could be reading my cristal ball all the wrong way. The long term outlook for FFS is very good though.

 

Kind regards

Osbert