Forum Archive Index - September 2002

[Phaedrus <Phaedrus@techemail.com>]

T100,
     The technical situation here is quite clear if you stand well back and 
look at the big picture over a long period.
 
 For many years now, KIP has been in an 80c - $1.27 trading range. So, 
longterm, it is going nowhere - but this is an income share - right?
 In the medium term, it is in an uptrend, and has been for nearly three years 
now, trading in a nice tidy slowly rising trend channel.
 It is in a short-term uptrend also.

 This, then, is not a stock to buy for capital gain - the best you could expect 
would perhaps be a medium-term rise of about 4% per year.  Neither is it a good 
trading proposition. You would buy KIP for the high yield it offers, or not at 
all.

        Phaedrus.

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