Forum Archive Index - May 2000

["Rob Neal and Mandy Aldridge-Neal" <randmneal@xtra.co.nz>]

I don't see how  FFS will be affected by any drop in the NASDAQ or DJ for
that matter.

     Remember

    -FFS is on the market and is going to be sold.
    -Overseas buyers should be falling over themselves to buy it with our $
so low
    -The price will be a lot greater than 83c
    -Even if FFS doesn't sell it is still worth at least a $1.00/share
    -The lower the $ goes the more money it will make from exports so
earnings will be up
    -I don't see how charting will help will help with this company the
facts are the price will go up but it will be          determined by an
announcement of a sale.

It may take another couple of months yet but I would be more concerned if
there was an announcement and I had sold all or part of my holding and
missed the boat.

Just my thoughts - I'm not an expert but I think this is a case where you
can't lose - if such a thing is possible in a sharemarket.

Don't hang around or you may regret it after all I don't think charting
helped anyone see what was going to happen to the FLP share price - and I
bet there are more than a few who wish they had bought them at $1.30.

Rob
Discloser- Bought another $80K worth today.

----- Original Message -----
From: Derek Watt <dkw@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, May 22, 2000 8:12 PM
Subject: Re: [sharechat] FFS is holding up very well...


> Well, I don't do any charting apart from the eyeball type and
> I would have to agree. I sold 1/2 my ffs today as a defensive
> move in case of further slides on Wall st and was then surprised
> to see a strong 2nd half of the day for ffs (not on volume though).
>
> I am of 1/2 a mind to think that a 4% fall in the Nasdaq on friday
> is of no consequence to little old us, but the other half said
> "sell, the excrement is about to hit the fan".
>
> Cheers,
> Derek.
>
>
>
> -----------------------------------
> Derek Watt
> http://www.blackrobin.com
> -----------------------------------
>
>
>
>
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