Forum Archive Index - June 2000

[Robert Nottage <robnottage@yahoo.com>]

Ted,
I think you better start praying really hard if you
want TWR to go back up to $5.60. I see it falling to
4.65 by the end of next week as investors wise up to
the deliberate non-comment strategy by the TWR
management on possible takeover to encourage continued
speculation in order to raise the share price(someone
alerted us to this on Sharechat a few days ago and I
am of the same opinion).
As for FEG, I suspect it will continue to climb down
from previous high levels as investors absorb all the
information that has been in the media over the
weekend about the difficulties faced by FCL in
dismantling and selling its remaining companies.
The $2.5m loss incurred by ITC will also be foremost
in investors' minds and you would be right about its
continued decline.
TEL will however, in my opinion not sink any further
but will recover to around $7.85 as institutions pick
up what they will perceive as a value buy at current
price.
With respect to AQL, yes sadly, there will be the
infinitely hopeful who will buy more but hopefully
there will be the wiser ones who will cut their losses
and bail out before there is nothing to bail out with.

As for good investments, I quite like Tony Haddon's
choice of AIRVB as it has sunk to such an attractive
entry point that I can't see institutions leaving the
stock alone for to long.
Sorry to dash anyone's hopes but the above are just my
opinion.

Robert

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