Forum Archive Index - March 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi enrique,
>
>
>Yeah sure Phaedrus, if I had listened to your advice re GPG last
>November and and sold out at $1.57, I would have missed out on 
>reaping another 17% added value to them (last trading at $1.84).  My 
>advice to INL and and all other investors is to do your own research 
>and if a company's fundamentals and long-term growth look good, 
>don't worry about the little blips along the way.
>
>
If you look again at what Phaedrus said you will see that he said 
that INL was still in a long term uptrend and long term investors 
might disregard the medium term sell signal.  In other words his own 
advice is to ignore the blip, - so he agrees with you. 

As regards GPG, it has no fundamentals.  The GPG profit you see is as 
a result of a series of one off deals which will not necessarily 
correlate at all with what happens in subsequent years.  This being 
so, I would say that charting may be an entirely appropriate to get a 
wider understanding of where the market thinks GPG is going. SNOOPY



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