Forum Archive Index - June 2002

["John Wedde" <John.Wedde@weltec.ac.nz>]

Hi Brian, Phaedrus et al,
Brian, I didn't see the news about the buy back, but, yes, I agree, buy
backs normally should be good for the share price.
Phaedrus, thanks for the chart and comments. But a question for you.
How does your chart account for the 1:10 bonus issue? This would, all
other things being equal, cause a 10% drop in price anyway would it
not?
In my view there is therefore, under these particular circumstances, no
sell signal or ....... ? 
Would be interested in further comments.
Cheers,
John

>>> Phaedrus@techemail.com Tuesday, 4 June 2002 7:48:43 p.m. >>>
Michael,
        A medium-term trend trader would have got out on the trendline
break, at $1.74. See attached chart.

                  Regards,
                            Phaedrus.

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