Forum Archive Index - May 2001

["David Ling" <seechoke@hotmail.com>]

Thanks for your perspective, Peter.

I have never bagged Frucor and never will - God knows NZ needs more 
companies like them. Companies which turn commodities into real added value 
products and are prepared to take on the world. There is a world of 
difference (like heaven and earth!) however between blindly buying the story 
as it has been hyped up and objectively assessing its prospects as the story 
unfolds.

It amuses me how infatuated some chatters had become with the stock  that 
they unfortunately appear to have lost the objective perspective required to 
be successful investors.

Incidentally, I don't comment from a 'told you so' attitude.  I cautioned 
strongly about investing in Frucor after the first downgrade on 26 February 
(refer Frucor .. not a good sign. Any old timers will tell you that you 
SHOULD NOT invest in a stock which has been downgraded until you see an 
upgrade.

Instead, the infatuated chatters charged off (believing the company's pr 
spin and the chatters' own roadside analysis .. remember 'Unleash The 
Beast') and actually pushed the stock higher after the downgrade!!!

By the way, if what I have stated so far has come from my backside (re Nick, 
I am struck with two thoughts :

1.  I must have a pretty intelligent backside.
2.  Where does Nick's thinking come from?????


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