Forum Archive Index - May 2001

["Peter Maiden" <pmaiden@xtra.co.nz>]

Phaedrus - you are not wasting your time as you suggested

 

The FRU chart was beautifully crafted - so much so that I put a laminated copy of it (A5 size) on the office wall. It has become a much desired object already.

 

It has been much admired - even by some FRU shareholders.

 

When I quoted you and said  'trends don't come much cleaner and simpler than this'  the response from some FRU fans was something along the lines of  'my god - if only I had known'

 

When the chart on the wall has been evaluated (in conjuction with adopting a wait and see attitude) common sense seems to have prevailed as to whether they should now sell or buy more. If antyhing it gave them a bit of solace in pretty depressing times.

 

During the day a discussion on AIRVA came up . A  printout  of a 3 year chart posted on the wall and a red trend line drawn on by hand ( not as crafted as yours, Phaedrus) clearly demonstrated why the interested investor should wait and see what happens before parting with his money. A distinct downward trend since May 1999 which has often been tested but the trend won out in the end - each time.

 

Many investors have seen the light of day today.  My view there is a place for technical analysis (even of a basic nature) in the investing world has not changed - even it only supports many of the other methods used by investors.

 

Thanks Phaedrus - keep contributing

 

Cheers

 

Peter