Forum Archive Index - February 2000

[Nick Kearney <nk@xtra.co.nz>]

frank fernandez wrote:
> 
> It is interesting to see in today's Sunday Star Times that Ord Minnett
> has picked Advantage as the only technology stock in New Zealand that
> investors should have their money on - which leads me to an interesting
> question about ITC (which I thought would also have been a logical
> inclusion).
> 
> Are we, as investors, being sucked in by the hype, regular issue of
> media statements by ITC's never ceasing PR machine, the timely visits of
> certain types from the US, the obsession with a sporting e-tool (Virtual
> Spectator)etc etc when at the end of the day, the company has not been
> included in the same league as Advantage.
> 
> And by virtue of omission, can we conclude that Ord Minnett (a
> respectable sharebroking firm) has grouped ITC with all the other NZ
> tech stocks who "simply don't cut it" as stated in the article?
> 
> I realise there will be an army of ITC supporters immediately flaying
> their fingers on their keyboards to reply to this e-mail but the above
> was reported in today's Sunday Star Times and I thought I'd bring it to
> the attention of all Sharechat readers who may not get the opportunity
> to get a copy.
> 
> Regards,
> Frank Fernandez
> 
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Hi guys and gals

I am a new subscriber to this site and find it to be excellent.  Hope I
can be of assistance and vice versa.

Anyhow, interesting to see that article in the Sunday Star Times.  I
agree with it and think that Advantage have a definite bonus in that
they actually have a business and have turnover.  Contrast that with
ITC, SPE etc and there is no real business there making cash$$$.

CGB appears to be the best of the rest but have just crabbed since their
listing despite jumping to over $1 soon after listing.

I've made a bit of cash off ITC myself but do think there will be a lot
of volatility there and it will mimmick the NASDAQ.  Wait & see I guess.

Also, does anyone have any ideas on how the Henley Comunications float
might go?  Is it worth a punt?

Cheers 4 now.  Team NZ ahead by 45 secs as I write.  HOORAY!!

NK

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