Forum Archive Index - March 2000

["Alan Gray" <loons@wave.co.nz>]

Hello Traders......yes it seems that it get's worse each day..just when you think the market can't get much lower..it heads south again...I don't know how much longer I will stay here in NZ market...when you look at the liquidity of even the top 20 movers, there is not much to get excited about...it's pretty grim

 

Seems we have been subject to large offshore selling...but now there is movement of funds from kiwis who are getting progressively tired of very poor performance...I feel sorry for these NZ companies who are really trying to turn our economy around but investors have no faith..seems that when a share does take off one day on bullish news, it is hammered the next by profit takers scrambling to exit their positions...and quite right, who would want to hold on to a falling stock....

 

So where from here?....

 

Good trading