Forum Archive Index - October 2002

["Michael Phillips" <michael.p@paradise.net.nz>]

Snoopy, I was heartened to read that you bought into LPC.  Much of what
you have written confirms my view, although having held them since
February it does suggest I jumped the gun a little early (I am not
surprised personally).  If the price dips much further without a
material change to their core business, I would certainly be considering
it as an opportunity to increase my holding.  Being based outside of
Canterbury I certainly look forward to occasionally hearing from someone
with their nose to the ground.

From: "Phaedrus"

> A prominent feature of this stock is the strong longterm
>  resistance at $1.90.

What a canny number.  I had a sell order in for LPC that didn't trigger
at $1.90 not so long ago.  Whilst the shareprice has been under pressure
recently, I am content to hold LPC for the medium to long-term...truth
be told I would more than likely be holding LPC now even if I had sold a
couple of months back.

> I would not be at all surprised if the $1.43 support level held.
> I would be very surprised if the support at $1.35 was broken.

Music to my ears.

Regards
Michael
===








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