Forum Archive Index - February 2000

["Wilfried Roding" <roding@xtra.co.nz>]

Mike wrote:

> really at 0.52 they have to be a buy dont they.
> some would even use the phrase...."cheap as chips"

Or some would use the phrase.... "barking up the wrong tree".

The root of the problem lies with foreign investors bailing out. We should
start looking at our stocks through their eyes, given that +50% of our
market is in their hands.

I believe that, as long as our dollar is in decline, existing foreign stock
holders will exit - and prospective investors will wait for a exchange rate
reversal in order to optimise their returns via an appreciating dollar.

I don't see any merit in holding onto a consistently down-trending stock.
Sell and rebuy once the situation improves. The difference is the brokerage
only, which is easily recovered by a move of a few points.

Regards
Willi




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