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Re: Re: [sharechat] Fletcher breakup

From:	"greg" <gregoire@paradise.net.nz>
Date:	Fri, 2 Feb 2001 10:32:58 +1300

Hi Gerry.

I think there is some short term (~2 month) upside in this stock. It only took a bit of mildly good news - the announcement that 61% of shareholders were taking up their rights - and the price rose steadily for a week. It seems to me that everybody thinks the stock is undervalued, but there needs to be a catalyst or spark before people start speaking with their wallets. There are many people who paid a pretty penny for their shares and will be holding on to them for quite some time. These people have weathered quite a storm over the last few months but there's probably smoother sailing ahead.

discl: Own FFS.

Regards,

greg

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