Forum Archive Index - May 2001

["mrgoodall" <mrgoodall@xtra.co.nz>]

I for one was very greatfull for your post  and would like to know what  programme etc. you are using . It seems to me  whether   we like the look of a stock  be cause its sexy, or has the right directors ,  or great public relations   we are doomed  for faliure in the long run unless we have all the fundamentals

If we decide to by shares in a company without the correct analysis  we are only hoping .  more power to you Phaedrus   this is what share chat is all about educating investors, i for one am learning

disc (still learning) 

----- Original Message -----

From: Phaedrus

To: Sharechat

Sent: Friday, May 25, 2001 11:34 AM

Subject: [sharechat] Frucor

Talk about fiddling while Rome burns! Here we have a stock in freefall and you guys are arguing over P/E ratios, market share, earnings, relative merits of various softdrinks, etc ad nauseum. Use of a basic trendline would have got you out at $2.20 or better, saving the 30% (so far) fall from that point. Many of you seem to have committed the cardinal sin of falling in love with a stock, and are committed to its defence no matter what. Some even talk of buying more!
I have added a new trendline to the chart of yesterday. If you insist on buying, at least wait until the current downtrend is over, and prices climb above this line.
I suspect I am wasting my time here, though. My previous post (beautifully illustrated!) failed to engender a single response.
Phaedrus.



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