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From: | "Ben Dutton" <bendutton@sharechat.co.nz> |
Date: | Fri, 20 Oct 2000 16:39:50 +1300 |
Hi Warner, Welcome back from your holiday...you've missed a pretty rough month for a lot of investors! CEN has been doing very well indeed - a reflection perhaps of people moving back into defensive stocks during times of volatility. I thought TEL was a bargain when it was trading around $7 - you should have seen my jaw when it hit $5.15 last week. Definitely in oversold territory but still suffering from the worldwide negative sentiment against telco's. I'll wait for another couple of weeks before deciding whether it's is a good buy at these levels..(nice recovery today though). Will also see how the situation pans out with Cable & Wireless in Aussie - that does look promising. IMHO, we are going to see volatile share prices for at least a couple of more weeks. A combination of factors (including, but not limited to, worse than expected corporate earnings in the U.S., violence in the Middle East, high oil prices, a low Euro - and it's the month of October) will ensure meandering global markets. Have a great Labour weekend everybody - it will be good to have a couple of days to relax, sit back and reflect on life and the sharemarket! Best Regards Benjamin Dutton (Disc. hold neither TEL or CEN). ----- Original Message ----- From: "Warner Lamb" <cloud9@i4free.co.nz> To: <sharechat@sharechat.co.nz> Sent: Friday, October 20, 2000 12:38 PM Subject: [sharechat] Things Looking Up > A few stocks looking good today. Is the worst over? > CEN having a good run and may reach Ben and my prediction of $3 by year end. > TEL...Has it seen the bottom, I am not tempted at todays price, closer to $5 > and I would buy in again. > ADV...nice jump today > > ITC..I am very tempted at 20- 21c (never owed before) > EFC..Tempted at 10c. (new DFM report available..after changes in focus) > > FFS..dismal > > Is it time for the brave (or stupid) to pick up some bargains before > summer.?? > > Warner > > > -------------------------------------------------------------------------- -- > http://www.sharechat.co.nz/ New Zealand's home for market investors > http://www.netbroker.co.nz/ Trade on Credit, Low Brokerage. Join now. > -------------------------------------------------------------------------- -- > To remove yourself from this list, please use the form at > http://www.sharechat.co.nz/forum.shtml. > ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors http://www.netbroker.co.nz/ Trade on Credit, Low Brokerage. Join now. ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/forum.shtml.
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