Forum Archive Index - June 2003

[prhughes@value.net.nz]

Hoop......mentions CER, which I remember as CERAMCO. From 
memory just prior to their demise they sold some assets for quite a 
few million, and thus were able to pay a good divvy, nothing wrong 
with that. However, if you hadn't recast their balance sheet you 
may have been unaware they had used the asset sale monies to 
pay the divvy. The point being what would they use for divvy money 
the following year. I wonder how many of the fundementalists do 
recast the balance sheet prior to doing to doing their analysis.

My horror was Anzon. my excuse, green and dumb at that time 
about shares. Greed prevailed. What i learnt was that a little 
discipline was needed and kick emotion out the window.

Now, I favour TA similar to what Phaedrus advocates, at least using 
simple TA like I do you won't loose your shirt. Take care folk as in 
my opinion we are still in a bear market and some of the rallies 
seen could well be bear market rallies.

Regards

Bill 

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