Forum Archive Index - March 2000

["Moose" <aorang@voyager.co.nz>]

Given the state of the NZ market over recent weeks any investment 
made in the hope of immediate gains must be viewed as very 
optimistic if not foolish.
However INL is a high quality stock that will perform in the medium 
to longer term as will the other quality stocks listed.
Patience is required. If you want to gamble for quick returns go to 
the TAB.
I believe the underlying market demand for stocks is supplied by in 
the main Institutional buying not by small investor "flavour of the 
day" purchases. The irrational small investor often seems to be the 
one bidding up the price only to see it fall back later, once they 
have been satisfied, to the underlying price limit that the larger 
players have on it.
When the Institutions decide that the market is at a level they can 
no longer ignore, quality stocks (like INL) will be their first target 
and will rebound quickly. Then you will see the value of your 
investment accrue. 
Moose

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