Forum Archive Index - August 2000

[Brian Gale <brigale@i4free.co.nz>]

        How often do we see this sort of pattern ?

        A good start, then a little downwards blip, but a steady rise till 
midday.  Then it is as though the message from the pessimists (sellers) is 
" this is too good to be true, it can't be sustained, lets get out " and 
down she goes. Oh for the day when the optimists prevail !! Can't blame 
Telecom this time either.

        Baycorp takes a nose-dive after the NZSE enquiry yesterday. Sure, the 
high 
price volume has been light, but those buyers must have been extreme 
optimists. Unless the news next week is extraordinary I can't see how the 
price can stay over $10.

        Two to show good rises today were ANZ and AMP.  Can't recollect when 
these 
have been mentioned on Sharechat. ANZ has risen 22% since April and AMP 24% 
since May. I believe there is a tendency to avoid the higher priced shares, 
I have to plead guilty to this, but in the final analysis it is all 
relative.  Somebody loves them and why not ?

Nice to see ADV moving up

BG  (Hold ADV) 


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