Forum Archive Index - February 2003

[Phaedrus <Phaedrus@techemail.com>]

Snoopy,
       Your question :- <<<"Much of GPGs activity is in the UK and there has 
been a large appreciation of the NZD/UKP exchange rate in recent weeks. I 
wonder if you had considered your entry and exit points in terms of the UK 
share price of GPG, whether you would have come to the same 'buypoint'/ 'sell 
point' conclusions?">>>
 Answer :- No.

 The first chart shows GPG price movement in the UK in Pounds. (No trendline 
break). The second chart shows GPG price movement in the UK, but expressed in 
$NZ. (This is not just a simple conversion at the current rate - all prices are 
converted at the applicable daily rates). This chart shows a trendline break, 
and is essentially the same as the NZ chart, clearly illustrating the point you 
are raising. Interesting eh?
        Regards,
                  Phaedrus.




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