Forum Archive Index - March 2000

["Adam Rands" <adam@iguana.co.nz>]

Gawd

How many times do we here this about the NZ market

The market has is down so it must mean good buying.

You know what they say "picking bottoms only gives you smelly fingers"

My gut feeling is the worldwide markets with be fairly flat for a while
which surely means the NZSE will drift further down..

So sick of the NZ market.. it has been trading within the same 300 point
band for the last 3 years..



-----Original Message-----
From: Matthew Van Veen <mattvanveen@hotmail.com>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Wednesday, March 15, 2000 3:35 PM
Subject: RE: [sharechat] It's gone very quiet, is everyone licking their
wounds????????


>Trouble is - these prices are all good buying opportunities but one only
has
>so much capital and when one uses up all that capital one can only watch or
>take a lost in one to possibly make a gain (or more loss)in another. And
>when you think prices have bottomed out e.g CAH / AIA etc etc they fall
even
>further. I mean AIA will eventually be a 'winner' and good to buy at its
>$2.50 level as everyone went through last week but now its even cheaper
>again. I suppose its all about weighting your portfolios correctly, topping
>up on any falls thus averaging down and obeying the old addage of time in
>the market rather than timing the market. Good stocks won't go away.
However
>all tech stocks listed on the NZSE have all made a gain at various times
>during last 6 months so I feel you need to time your 'in' correctly with
>these or either sit out long time (AQL) or get in and out quickly maybe
>sacrificing a bit of extra percentage gain to at least make something
rather
>than watch the price turnaround and fall as it is no longer flavour of the
>week (or day) for that matter. I bet there are alot of people in sharechat
>tonight sitting on about a 10% paper lost with SVY after today. I would
also
>say alot of traders were in on Monday and out today taking a 10% plus gain.
>But isn't it all fun.
>
>>From: "Wilfried Roding" <roding@xtra.co.nz>
>>Reply-To: sharechat@sharechat.co.nz
>>To: <sharechat@sharechat.co.nz>
>>Subject: RE: [sharechat] It's gone very quiet, is everyone licking their
>>wounds????????
>>Date: Wed, 15 Mar 2000 16:59:45 +1300
>>
>>Yes, I'm licking....
>>
>>CAH, FFS, FLB, AIA, ITC, SMR, etc
>>CWO, FBG, TLS, etc etc
>>The only bright light = FTL
>>
>>Oh Vey!!
>>
>>Willi
>
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