Forum Archive Index - April 2000

[Mike Nelson <bb2345@ihug.co.nz>]

My thoughts on the drop on the nasdaq are that the reaction to the
microsoft thing is a kneejerk reaction and once the thing is rationalised
properly the tech market will bounce back.

1.      The effect on MS will be delayed during appeals etc perhaps up to 2 
years.

2.      The future looks brighter for companies hogtied by MS which should
unleash more innovation/progress in tech matters.

3.      This is the beginning of the most radical change in the history of
mankind not the end of it.

This is not to say that ITC will be invested in all the right areas but
they have on board some pretty astute investors and that's got to be a good
influence. Why has ITC dropped ? It is simply the sentiment with the fall
in the nasdaq but the NZ tech stoks have never risen to the same extremes
as the nasdaq. You saw that today with ITC falling like a brick on opening
down 10c at one stage to recover to be only 3c down.

I am still a fan and I suppose "in love" with ITC.

MN 



At 09:59 PM 04/04/00 +1200, you wrote:
>Derek,
> I agree with you that this is the best way to go,
>however it starts to look pretty scary all of a sudden
>when everyone does it.
>In relation to this and after the Microsoft shake up,
>I sure hope that the bottom doesn't fall out of the 
>Nasdaq tonight.
>Derek W
>
>
>At 09:41 PM 4/4/00 +1200, you wrote:
>>I do not want sound pessimistic. True fact is, if share has not market
>>sentiment it will fall. It is happening with ITC right now. This is a
>>trend. If you have lots of money you can average down. The question is
>>how far you can do it. As Kevin said you cannot  fall in love with tech
>>share. It hurts when stock is falling down. Better jump of  the boat,
>>and if you sure that  times changed get back to it. This method is
>>healthier and hurts less.
>>BTW,  who said ITC touched  the bottom today?
>>
>>
>>----------------------------------------------------------------------------
>>http://www.sharechat.co.nz/          New Zealand's home for market investors
>>To remove yourself from this list, please us the form at
>>http://www.sharechat.co.nz/forum.html.
>>
>>
>
>-----------------------------------
>Derek Watt
>http://members.tripod.com/DKWatt/
>-----------------------------------
>
>
>
>
>----------------------------------------------------------------------------
>http://www.sharechat.co.nz/          New Zealand's home for market investors
>To remove yourself from this list, please us the form at
>http://www.sharechat.co.nz/forum.html.
>
>
*****************************************************
Looking for top accommodation in Wellington for more than a week ? Check
out our homepage at http://homepages.ihug.co.nz/~bb2345/

*****************************************************

----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.