Forum Archive Index - August 2000

["Warner Lamb" <cloud9@i4free.co.nz>]

Looking at the 2 year chart..This stock would seem to be one of the best
stocks for traders? Is that so? I think its correcting since nothing much
has come of the GPG rumour. The outlook doesnt look good for this stock and
if it wasnt for the proposed sales may be at fair value considering domestic
slowdown. But considering the chance of it being broken up or sold is it
time to buy on weakness. (my broker has a value $3.00- $3.30) today down to
$2.20
warner
(with interest rates said to be peaking and looking at long term fixed rates
you would tend to think the interest rate fears have been slightly overdone
since 8%-8.5% is still historically low in NZ..ave retail) Two years ago if
you said that interest rates will hold at 8%...it may have caused a rally
and FLB would benefit.


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