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Re: Re: [sharechat] Advantage : Hold fire lads, not at bottom yet

From:	"Matthew Van Veen" <mattvanveen@hotmail.com>
Date:	Fri, 26 May 2000 00:49:52 GMT

What if people are now seeing prices similar to SMR/ITC etc for this stock. 
Maybe unwarranted due to its nature but still feasible as no history telling 
anyone otherwise. Remember it was at low levels 3 years ago which I know was 
pre-tech stock hypo days but could it be possible it may return to those 
levels. No one knows on this one. I think a sit on the sideline a little 
while longer may be best for this. Warner - eating your hat means eating 
your hat.


>From: "Warner Lamb" <cloud9@i4free.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: Re: [sharechat] Advantage : Hold fire lads, not at bottom yet
>Date: Fri, 26 May 2000 11:40:54 +1200
>
>I have to agree with Rob.There is no history of any real support levels for
>shares like ADV.The key levels to look at are DOW 10000 Nasdaq 3000 FTSE
>6000 and no matter how good ADVs future may be,it's just too small to
>overcome major global sentiment.Let it find a stable level first.Take a 
>look
>at recent recoveries of TWR and FFS, there is always a bit of time going
>sideways when a real support level is reached to make a safer decision of
>upside.As I pointed out yesterday with Telecom,it has proven resistance at
>$7.50 but some of these latest stocks have never had a significant drop.ADV
>will recover one day.
>Warner.
>If Telecom drops much under $7.50 I will promise to eat my hat(whatever 
>that
>means)
>
>
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