Forum Archive Index - February 2000

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

Hi Bret,
I heard (or read) from somewhere that the big fall in Fletcher stocks (along
with other blue-chips)were caused mainly by US investors' exit from NZ
market. All stocks in the Fletcher camp were taken a beat on US market on
Friday. I do hope our market can show some degrees of resilience and
maintain the current position.

Regards,

Osbert

> Can anyone explain to me why FLB had such a quick increase in share
> price(after what I thought was a good profit result,) then an even faster
> drop in price to the levels it had been trading at earlier in the week.
What
> did I miss??? Why also did HLG took a dive of 19 cents. I'm starting to
get
> paranoid about buying some of these stocks, they keep dropping 10% just
> after I purchase.
>
> I hope we don't see major sell offs on Monday after the Hiccup today in
the
> US. Remember the NASDAQ is still at an all time high and only lost a small
> percent of it's recent gains. Keep positive there is still plenty of good
> stocks in NZ that are way under valued and have excellent prospects.
>
> Good luck to everyone on Monday. My pick for the stock of the week will be
> HLG when it regains the 19-20 cents it lost on Friday.
>
> Cheers Bret
>
>
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