Forum Archive Index - August 2000

[Gerry Tyler-Smith <g.tylersmith@ext.canterbury.ac.nz>]

> Deary me. I got so sidetracked about Beginner's Woes, that I lost track
>of your  original question regarding locking in a profit with CNZ, and
>buying CEN. Looking at Price / volume charts of both, and also the weight
>of bad news affecting CEN at the moment, I would ride your profits a wee
>bit more for CNZ, and not rush into buying CEN. It's fairly serious (short
>term) , losing one's CEO so precipitously ... I think they will drift
>downwards seriously over the next few weeks. You could put in a
>ridiculously low bid for them, say 220, and wait to see what transpires.
>Also, at this stage, I would avoid buying in big tranches ... you can
>always leap back in there and top up when the indicators are that they are
>healthily rising on increasing volumes  (eg, some big institutional
>investor doing a major purchase).  And with CNZ, you might want to do same
>with a grandiose sell order, eg, at not less than their yearly high of 101
>... you can always amend these orders later  ...

  Hi Everyone,   I have a perfect record.  A loss on every trade I've  made
so far!!  I'm thinking of selling my Capital Properties shares first  thing
Monday and buying CEN.  I was looking at a recovery by CEN at least  to
about $2.85 within a couple of months due to my impression that it has
been oversold due to over-reaction to the news of the past week.  I can't
see Cap Props rising much in the meantime although it did make a nice gain
last  week.  Any comments?  More expert opinions than mine much
appreciated!  regards  michael 




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