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