Forum Archive Index - July 2000

[Chris <cd@ak.planet.gen.nz>]

Matt,

Thanks for the chart input.  Yes you are right about further weakness.  
In the last half hour 
today the price struggled to 705c only to be met with another wave of 
selling.  The 700c finish looks like window dressing and Fridays are 
often down days ahead of the weekend wait and watch of overseas markets.  

Cash out seems unspent for now, but early days.  Maybe Cook Islands 
deposit account is the best place for now.

Regards,
Chris Darby
cd@pl.net
>Chris
>
>I would give it at least another week. Not much support there so price will 
>keep drifting down to at least $6.50. This may be a good buying point for an 
>entry but then who knows. A rally in the next month or 2 back to $9-$10 
>would be nice at this price.
>But where are the sellers putting there monies?
>
>Matt
>
>
>>From: Chris <cd@ak.planet.gen.nz>
>>Reply-To: sharechat@sharechat.co.nz
>>To: "sharechat" <sharechat@sharechat.co.nz>
>>Subject: Re: [sharechat] TELECOM $6.99 on $70m
>>Date: Thu, 6 Jul 2000 13:44:45 +1200
>>
>>Yeah and still no sign of support.  Appears selling is from a number of
>>institutional brokers.  Maybe there is a reweighting to Telstra going on.
>>  Where to buy TEL?  $6.90?
>>
>>Chris Darby
>>cd@pl.net
>>
>>Warner wrote;
>> >OH Dear.

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