Forum Archive Index - October 2002

[Phaedrus <Phaedrus@techemail.com>]

Jefley,
         I would hardly call that post a timely warning! CLI has been in a 
downtrend for years - there have been many charts posted showing this fact. 
Some examples are :-
May 2002 http://www.sharechat.co.nz/archives/2002/05/msg00205.shtml
July 2002 http://www.sharechat.co.nz/archives/2002/07/msg00099.shtml
 Last month when price action fell below the historical support level of $2.45 
this simply re-confirmed what the chart had been saying for years.
 I see many parallels between this stock and ASC. Both supposedly had good 
fundamentals that appeared to be improving, yet both were in clear downtrends - 
an interesting incongruity. Both stocks have a keen local following and attract 
many very positive posts. Add to this frequent authoritative fundamental posts 
combined with bullish short-term technical comment, and you have a potent mix - 
one that has probably influenced many people.

              Phaedrus.
 

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