Forum Archive Index - July 2000

["Graeme Christie" <bayvu@ihug.co.nz>]

Point taken, Nick. As an ADV holder  I'd rather see the price going up than
down!! Cheers
----- Original Message -----
From: "nick" <acummin@es.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, July 27, 2000 5:30 PM
Subject: Re: [sharechat] ADV plunging plunging plunging!!!


>          I was the one who back in the dark days of april stated that
> advantage was overpriced at 2.50.  I see no reason to change that view.
>  I would say the same of many tech stocks. Beware there could well be
> another nasdaq plunge before the year is out many of these stocks
> still look overvalued to me.
>        Here is what i wrote at the time, in april
>
>        Advantage superficially look very tempting. However,
> its highly likely that techs and stocks in general have further
> to fall.  The nasdaq hasnt bottomed yet which means advantage
> will probably fall too.
>       The company still trades at a high p.e and its only proven
> buisness is its eftpos terminals.  The jury is still out on flying
> pig, with increasing competition in the region plus the
> general pessimism over etailing.
>        Advantage is a good company but with present world
> uncertainty over e stocks and rising interest rates 2.50 looks
> expensive even if it is down from 5.00.  By the time the
> sell offs have finished many of these e stocks may be down by
> as much as 80%.
>       Axa jumping in at an average of 3.00 already looks pricy
> and is a good reason to avoid managed funds with decisions like that
>
>  nick
>
>
> > The last time ADV got down to $2-50 someone on this forum suggested it
> would
> > go much lower but it went back to $3 pretty smartly. I would suggest at
> > today's price it's a good BUY. Time will tell. Regards
> >
> > > Simon
> > --
>
>
>
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