Forum Archive Index - September 2002

[Derek <dkw@paradise.net.nz>]

No idea, perhaps people see the managed-fund-type business as not being the 
best one to be in at present. TWR'S last 6 month result would tend to 
refute this.

But if a share is being marked down by the market despite things looking 
good otherwise then watch out - better to err on the side of caution.

On the fundamental side TWR certainly looks attractive at present with 
about a 7.5% dividend yield.  If  TWR crosses back over the 60 day moving 
average (currently about $3.60 Australian) then we have a basic charting 
technique agreeing with good fundamentals indicating a buy in my book.

Phaedrus had some pertinent comments about TWR a while ago, following his 
advice would have saved a TWR shareholder a lot of grief, what better 
illustration of the benefit of using some simple charting techniques?

Regards,
Derek


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