Forum Archive Index - September 2002

["Harold J Skinner" <Petzl@spamcop.net>]

>The only books I am likely to be reading on stocks from now on are the good
old Buffet books,

>remind me of the philosophy I was briefly turned away from and am now
returning to.

>Now there is someone who really did get rich from stocks!!

You seem to be touting what I believe also (There are no rich "chartists" a
Renè Rivkin quote)

I will say though that the T/A when dropping often points to undisclosed
problems

TMS (Australian stock exchange) a classic example (seem only a few a given
he real story) Below 40 cents its T/A told me it was going to 5 cents. No
reason could be found most analysts giving it a thumbs up signal

T/A also seems to fall over with lightly traded stocks (these prices can
drop significantly when market get nervous)

TWR Tower I believe (unless undisclosed problems) is lightly traded because
of its 10% cap. Due to be shod by November next year. However there seem to
be companies lining up to make an offer when it does (PPT)? Although if a
75% acceptance of a bid by shareholders it can be done now. In the mean time
dividend is around 10% and those with patience should be much rewarded.
Tower IMO are having management problems, hopefully their expected CEO will
clean up in January next

COLES MYER CML are another potential (again a management bureaucracy not
working) another case of $12 shares selling at $6 (On 26th August Salomon
Smith Barney crossed 8,078,562 shares @ AU $5.70)  I'm still bearish on CML
http://www.geocities.com/petzlx/t.html
a real video of interview with Stan Wallis from


But for the chartists try looking at HPX acording to my view of T/A its
about to duplicate action of when it first listed?
(I'm not buying)
http://www.hpa.com.au


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