Forum Archive Index - November 2003

[<philip@goodreturns.co.nz>]

Does any one know why AUO fell in price last week, the huge turn over obviously was some one "selling down" as opposed to some one "buying up".

I have looked on hot copper and the last mention of it was on the 11/11/03, I was on the point of buying and felt I had better get a handle on recent developments first.

I had the feeling that next year things would pick up for them.

I have a little spare money after the repco float, I feel I was lucky to have lost only $A750.00 but think they have probably bottomed out now, and my best chance of getting the money back could be to buy back in.

Basically I feel they are a sound company, ready to expand, with a product that "when you need it you need it" and must have it but, the shares have been over priced, because of the hard nosed business approach that will ultimately make them fly. 

 

Allan.

 

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