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From: | "Brian & Fiona Brakenridge" <pohuenui.island@xtra.co.nz> |
Date: | Wed, 15 May 2002 12:36:38 +1200 |
Last week we talked about CLI. It was at an
interesting point just breaking through the short term downtrend and we were
interested to see if it might maintain the short term uptrend an if so would it
break the longer term downtrend.
In fact it's broken back down and is heading for a
tentative up trend line started end of Sept 01 and touched again at just over
$2.80 early April.
Again the fundamentals have not changed and this
might be a stock that has been unfairly treated by the crowd panic centred
around insurance cos and the Enron fallout. Looking from a long term perspective
at an entry point based around a break through the long term
downtrend.
Intriguing! Any comments?
Cheers
Brian
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