Forum Archive Index - February 2000

["Osbert Sun" <osbert.sun@xtra.co.nz>]

It's pity that NZ market seems to often take on the downslides from the
overseas markets while ignoring their strong up-moves. Would be interesting
to see how our market reacts on Monday. Heavy profit taking in TEL?
Continued sell-down of the stocks in the Fletcher camps? Dumping of the
AirNZ shares? I would have thought with the NZ$ as low as it is, some of
stocks in the export-oriented industries could be seen as good recovery
stocks. But ...

----- Original Message -----
From: "frank fernandez" <frank.fernandez@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, February 19, 2000 7:44 PM
Subject: [sharechat] Tech stocks crumble in US


> Could be a case of battening down the hatches on Monday for a probable
> rough ride if the latest news from the US (below) is any guide.
>
> --------------------------------------------------------------------
>
> Technology shares crumble
>                  Blue-chip slide spreads to Nasdaq stocks
>
> NEW YORK (CBS.MW) -- Technology stocks plunged Friday as declines by
> software and computer hardware shares sapped energy from the group,
> leading a broad sell-off amid concerns that rising interest rates could
> end Wall Street's record run.
> ------------------------------------------------------------------------
>
> U.S. stocks slide as techs fall prey to rate worries
>
> NEW YORK, Feb 18 (Reuters) - U.S. stocks crumbled on Friday, dragged
> down by technology issues .......



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