Forum Archive Index - April 2000

["Gordon King" <gordon.k@clear.net.nz>]

Talking about finance is a bit like grammer, little things you say and the way you use them speak volumes, to those who do know, as to the individual depth of understanding of the concepts (neither-nor,  amoung-between etc).

 

Similarly (he says wearily), markets aren't random (not in the sense used here), individual stock price variability is best characterised by the random walk theory.  Unpredictable variation around a trend.

 

As for the rest.....I'll leave it to the market for ideas and opinions to decide.

Gordon

 

 

 -----Original Message-----
From: owner-sharechat@sharechat.co.nz [mailto:owner-sharechat@sharechat.co.nz]On Behalf Of Patricia Troup
Sent: Sunday, 2 April 2000 18:09
To: sharechat@sharechat.co.nz
Subject: [sharechat] BDO valuations

Dearest Nil(or Nul) and Gordon, your use of NTA is commendable.Using such a methodyou were obviously not foundation shareholders in Microsoft, Sun Microsystems, AOL..... and on the local front ADV, IT Capital, Spectrum, Strathmore, E-Phone, New call, Renaissance, nor indeed Canbet.

Using your NTA I suppose your pockets are bulging with dollars from the profits you have made by avoiding the above stocks. You will no doubt be donkey deep in BRY Fletcher Paper and FFS, not to mention such earth shatterers as Evergreen.

I always bow to Accountants and skilled investors who are rolling in their profits from their invincible NTA selection criteria.

Each to their own.

 Pssst...............don't tell anyone but the market is random.