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Re: [sharechat] SAN

From:	"Brian & Fiona Brakenridge" <pohuenui.island@xtra.co.nz>
Date:	Thu, 16 May 2002 20:47:40 +1200

Thanks for your feedback VP

As I see it SAN has broken through quite strong support levels of $5.50 of today and close at $5.43.

I've had a good look at various web pages and see no new news to support this action. As Phaedrus has stated on numerous occasions, you are wasting your time trying to find a correlation between fundamental info and market behaviour. This example appears to validate his sentiment.

Still it is an interesting chart to follow and if you are confident that SAN is fundamentally sound maybe the market is presenting at some point an opportunity to enter at a favorable price.

One question. Bigcharts quote their PE at 9 (ish) yet ASB Securities and Global Registry both quote PE around 16-17. Can anyone clarify?

Cheers

Brian

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