Forum Archive Index - November 2000

[nickkearney <nk@xtra.co.nz>]

To all & Sundry

IMHO you would need your head read if you got into FFS or FFSRA right at
the moment.  They are in the pooppa in terms of debt.  People on this
forum have constantly been pushing this share for months and I believe
that it has cost many people lots of money.

On the other hand, if you like gamblng then feel free to take a punt. 
At the moment that is all it would be - a punt and not a trade or an
investment at all.  I firmly believe that there is more downside there.
It could settle close to 15c.  Even then you would have to have balls of
steel to buy it (where is Graham Bruton?).  They have just had too many
problems over the last year or two.

Think as to why the price is so low.  Everybody is selling.  If you
think you know more than all these sellers then go for it.  I won't be
joining you.

Cheers for now.

NK

Geoff Ewert wrote:
> 
> I would feel more confident if I had the P*** H***** on CITIC outcome
> and what it's likely to cost.!
> Cheers G
> (holding FFS and waiting)
> 
>      ----- Original Message -----
>      From: Malcolm Eves
>      To: sharechat@sharechat.co.nz
>      Sent: Thursday, November 23, 2000 10:48 AM
>      Subject: Re: [sharechat] feg shares
> 
>      My opinion is to sell FEG asap and take your profit. It is a
>      significant currency play now and not a "business as we know
>      it" (!) sort of thing. Flick into FFS now. the market has
>      cained it so hard that it's just a great big opportunity for
>      the market to wake up and realise too late that it was a
>      steal. By the rts.
> 
>           ----- Original Message -----
>           From: Bev & Tom
>           To: sharechat@sharechat.co.nz
>           Cc: btfoster@paradise.net.nz
>           Sent: Wednesday, November 22, 2000 9:10 PM
>           Subject: [sharechat] feg shares
> 
>           I have waited with interest to a reply to Simon
>           Ansley on selling FEG at the mid $9 mark & the
>           opinions  on Capstone & Rubicon as companies.
>           I personally sold FEG at $8.20 which gave me all
>           my money back & what I have left is profit.
>           But what do the team think of his  question - If
>           Capstone keeps going down & $NZ dollar goes up
>           would we not be better getting out now instead of
>           waiting till March

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