Forum Archive Index - January 2000

[Michael Corleone <willruth@ihug.co.nz>]

There is a great article in today's NBR entitled "Stock Exchange fails
to address punter crisis".

Between 1991 and 1998 $13 billion of value for shareholders has been
destroyed. This during the biggest stockmarket boom in history.

The article raises interesting points as to why the NZSE is an
unmitigated failure.

The only life in the market is in IT stocks which are being insider
ramped and traded.

Narena, you raise some interesting questions. However, there is very
little the average shareholder can do.

Having raised these issues with the Securities Commission I know that
the underfunded organisation doesn't care. $13 bn and climbing. I also
do not believe that those in government understand these issues.

We should focus more on Australian stocks and others. Australia just had
a high profile conviction for insider trading.

Here the game is largely fixed and everyone but the bunnies know it.
Unfortunately there are not enough bunnies to go round so even
experienced traders are left standing when the music stops.

That is the sad reality. When the IT sector collapses there will be no
money to be made here. As the article alludes NZ companies (non-IT) are
going backwards.

Therefore, my advice is to get real time Aussie quotes pronto. You could
also join Don Quiote and try writing to the Securities Commission or the
NZSE.

----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.