Forum Archive Index - September 2001
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[sharechat] Opportunities
Francis,
For many months FFS had been in a trading range of 29/30 cents to 34
cents. It broke through its support level, and is now in a downtrend. Tempting
as it is at current prices I would wait for the break of a confirmed trendline
at the very least. If in doubt, stay out.
NZ stocks that are on my watchlist include AIA BCH CAH FAP FBU FFS GPG INL
NPX RBC TEL WAM.
Do not overlook opportunities in other countries. Australian banking stocks
are trending down nicely, as are many others such as NCP FXJ LLC PBL.
US stocks will be good, but it is no place to be at the moment.
Regards,
Phaedrus.
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