Forum Archive Index - November 2000

["Les" <openmind@paradise.net.nz>]

Jefley, Just had a look at THL chart and your right, things are quite disappointing.

If the fall doesn't stop at $1.70 resistance then it should hold at $1.50 which was a major upside resistance in first quarter of 1999.

Your best course of action would be sell now if you need the cash otherwise I would suggest that you hold and average down when a new bottom forms. All in all this company is very sound but out of favour at present.

 

People often rubbish graphs but they almost always tell you that something is wrong before an announcement is made and in the case of THL when it broke below $2.50 for the second time this year the downward trend was confirmed.