Bestbrook,
You may have missed the message i sent out on the
21/8/01(see below). I bought WHS at $5.75 then, I am monitoring to get out
with a reasonable profit because the stock is currently in a technical
"overbought" mode and may be due for a technical retracement/correction.
It is hovering around the resistance level of $6.20-$6.25. IMO, it may not be
a good entry point unless the price breach this resistance level in the next
few sessions.
Bearing in mind that the company share buy-back
scheme finishes on the 25/10/01, so may be some healthy buying that we
are seeing currently is the result of the buyback. The company has reiterated
that they will not revive the scheme when it finishes this month. So, it
would be interesting to see how the share performs post buy back.
One company which I am particularly interested at
the moment is CAH which is in an interesting technical phase. This stock is on
fundamental, most undervalued due to its cyclic nature and it may be due
for a rebound especially when they
have put in place considerable initiatives the last 12 months. I noticed also
that some sharebrokers (JB Were etc) are starting to recommend the stock as
"outperform". Its major shareholder IP is announcing quarterly report on
18/10/01 which will provide a good lead as to how CAH performing. Rumour in
the sharebroking fraternity that CAH is a takeover target by its parent IP.
Sit tight and wait for the action unfold, like
CEN recently? Make your own judgment.
Cheers
Stephen
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