Forum Archive Index - June 2002

[Adam Rands <adamlist@iguana2.com>]

Andrew

Your technical view on FUN now.. Broken through 80cents with no problems at all

Very few sellers on depth.. Up another 6% today!

Sure the RSI and Stochastic are all screaming sell but it certainly is in a 
uptrend.

I don't think these indicators allow stocks to run.

Adam

Disc - Holding some FUN

At 11:12 AM 30/05/2002, you wrote:
>Adam
>Possible resistance around 80c or  87c.
>Several indicators currently into overbought territory. IMO it will shortly
>retrace. Once that happens we can look at the longer term evaluation.
>Well spotted  - you have had a good Fun run.
>Andrew
>
>----- Original Message -----
>From: Adam Rands <adamlist@iguana2.com>
>To: <sharechat@sharechat.co.nz>
>Sent: Thursday, May 30, 2002 12:57 PM
>Subject: Re: [sharechat] ASX:FUN and Spiderman
>
>
>I hope some of you got on board ASX:FUN
>
>23% rise over the last 2 weeks.. Now at an all time high
>
>I took some profits and sold half my holding today. Still bullish on the
>company tho.
>
>Market depth still looks very strong.
>
>I would be interested in a longer term technical view. - Andrew, Phaedrus??
>
>Cheers
>
>Adam
>
>
>
>At 08:43 PM 11/05/2002, Adam wrote:
> >Take a look at Funtastic (ASX:FUN) currently trading at 64cents
> >
> >With the Spiderman movie been a box office surprise it will be
> >interesting to see what affect this will have on the Funtastic
> >shareprice.
> >
> >Fantastic have the exclusive rights (still trying to find out what this
> >actually means) to distribute "Spiderman Toys" to the Australian
> >market.
> >
> >See the announcement they made to the ASX on Friday
> >
> >http://stocknessmonster.com/news-item?S=FUN&E=ASX&N=190157
> >
> >I am sure Funtatsic were not anticipating the huge success of the film
> >(no one was) and as such were not predicting Spiderman to be a major
> >contributor to their bottom line. Given that they are a small cap (Mkt
> >cap $AU34mil) the success of the film and the spinoff merchandise could
> >make a significant impact.
> >
> >Disregarding Spiderman, Funtastic is a great little company and worth
> >looking into more. It has small but solid revenue streams, proven
> >management, acceptable dividends, ridiculously low PE etc. Liquidity is
> >not too much of a problem either.
> >
> >Using my charting 101 skills Funtastic looks to the in an upward trend
> >and have reasonably support around 58cents. There seems to be some
> >resistance around 62cents however this was broken on Friday.. Maybe
> >Phaedrus and Andrew would care to comment?
> >
> >Here is an interesting supporting article in today's SMH
> >
> >http://www.smh.com.au/articles/2002/05/10/1021002390496.html
> >
> >The Funtatsic Annual report is also a "Fun" read. The whole annual
> >report is presented as a Spiderman comic". If there were awards for
> >most innovative annual report Funtatasic latest would rate highly. ­ It
> >can be found here. http://www.funtastic.com.au
> >
> >Interested in others views.
> >
> >I'm now off to buy myself a "Web Shooter". It shoots "Web Fluid" over
> >180m!
> >
> >
> >Cheers
> >
> >Adam
> >
> >Disc ­ I hold a few.
> >
> >
> >
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