Forum Archive Index - October 2002

["Ben Dutton" <bendutton@sharechat.co.nz>]

Jefley,

In today's climate any company that has questionable accounting practises is
going to get hammered by the market - and this is exactly what has happened
to Challenger.  Check out this article in the SMH today for more info:

http://www.smh.com.au/articles/2002/10/08/1034061206153.html

Best Regards

Ben Dutton
(Disc. no CLI)


----- Original Message -----
From: "Jefley Aitken" <jefley@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, October 09, 2002 10:54 AM
Subject: [sharechat] CLI Chart


> Eeeeks!  Two days later and the price has vanished completely off the
> bottom of your chart, Phaedrus -- a timely warning.
> I made about 20% from CLI within a month last September/October, and
always
> meant to get back in, but then it drifted off my radar, thank goodness.
> I can't remember the details, but I gather this stock is not involved with
> insurance and should theoretically therefore ignore terrorism-related
> instability.
> May be people think they are in insurance and that terrorism-related
> instability is en route -- regardless of which raving maniac has weapons
of
> mass destruction and is threatening to use them!
> Are CLI's fundamentals really that good?  The price is going to need at
> least a 20% improvement before it breaks the downtrend.  Quite a big ask!
> Regards, Jefley
>
> --------------------------------------------------------------------------
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