Forum Archive Index - January 2000

["Rob Henderson" <ecobiz@clear.net.nz>]

Well considering the performance of NZ stocks, their treatment of small
investors and the joke that is the Securities Commission, i'd advise against
keeping your money for something "more solid" (although Fernz are as good
punt as any). IMHO the majority of NZ tech (or soon to be redirected into
such) stocks will at the end of the year dominate the top ten stocks on the
basis of % price gain for the year - the chances of such certainly helped as
some of them actually announce what tech niche they are going to be in/what
business they are actually doing!

As far as a correction goes, sure some of them may loose a little momentum
here and there (though ITC will never be much cheaper than they are now),
but i don't feel we have seen anything yet. For new investors, and with a
lack of little else to base tech investment decisions upon,  i'd recommend
examining closely the management of new tech start ups and shell company
conversions. Do the management have good track records,  have they ever been
involved in managing a start-up and in particular do they have a background
in the industry?


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