janesteve
- 26 Jan 2004 14:21
hi im fairly new to this board,but thought you might be interested in my thoughts.web shareshop looks a bargain at the moment....it has a market cap of around 2,500,000 at a price of 14p to buy,the companies holding 7,500,000 shares in south african resources which is alone worth 2,100,000(up 4 today again),as well as several other companies.the campanies shares are not traded very often but results are out around 15th feb,and its portfolio must be worth 20p a share.please give your thoughts.
skyship
- 14 Mar 2004 13:16
- 11 of 11
boroboys & janesteve - congratulations on your excellent timing with sales @ 17p.
I too have been watching these pull back; but would have missed the turn if I hadn't been reminded on another thread. Personally I set great store by Fibonacci Retracements; and in a rising sector the 38.2% retracement would seem to be the appropriate marker. That takes us back to 12.175p. I suspect Janesteve has timed re-entry to a tee, as we are overdue a Net Asset Value statement; and when one does come, it will refocus attention on an oversold play in the resource sector.