Forum Archive Index - April 2001

["nick" <acummin@es.co.nz>]

        Looks like Nufarm may finally be on the move upwards.

  This hugely undervalued company is finally being recognised

by the australian investing comunity.   A number of buy recommendations

from big brokering houses are about to be made public, after

they have belatedly researched the company.

        Sure the price is still very low, but at least its going in the right

direction, and anybody who was going to sell will have now done so.

  Two other factors which are going to help are the company buyback

and the fact that this company already has relativly few shares in

circulation.

        What this means is that the stock can move upwards fairly quickly

once the buying pressure starts, in hindsight the recent price weakness

looks to have been a golden opportunity to buy into/ topup.

       Will be resistance around the 4.00 mark as the quick profit merchants

exit , but there should be a plenty of buyers available  once the buy

recommendations begin circulating

 

   nick