Forum Archive Index - July 2000

["Mark Hubbard" <mhubbard@es.co.nz>]

> This morning's performance on the NZSE has been excellent indeed - I ended
> up buying some FEG at $7.16.  If Capstone continues its upward momentum,
it
> wouldn't surprise me if FEG hits $8 in the short term.
>
> Remember, FEG has turned a USD$5 million net investment into something
> that's worth USD$500,960,000 (NZD$1,086,381,856).


The only thing that I would temper this with is stating that my impression
was  Capstone is pretty speculative isn't it? Given the amount it has risen
since float, and the given float price, logic would dictate that this share
(CPST) is heavily overvalued and could just as easily correct as go up
further.

Of course, having sold the last of my FEG for $7.00 last week, I may just be
jealous :)



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