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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (6798)	1/27/2004 2:37:57 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 108702

(Edit) Most of my FA reasons are listed in the first post mentioning SCO. Also there is a presentation from Sept on their website that's long, but informative. They have another presentation coming up mid Feb. If that goes well and assuming we don't have another 9/11 anytime soon the stock should trend higher. Given the technicals I think we could overshoot fair value on this first bounce. I don't pretend to understand all of the books hence a small position. Given that it's a French reinsurer I don't really know if you can completely trust the numbers anyway. However, based upon what I can see from some of the numbers and what I do understand the stock appears to be priced for BK and I don't think that's very likely. I don't think it's a company specific issue. Most of the reinsurers got hit post 9/11 (along with various natural disasters the past few years). If it were company specific and given the opaqueness of their books, I probably wouldn't be investing. The US price does seem to be getting ahead of where EU issue closed. We could see a pullback tomorrow, but either way I think we're close to a breakout TA wise. Part of the reason for the move today: selectbourse.com