Forum Archive Index - April 2000

["Osbert Sun" <osbert.sun@xtra.co.nz>]

Nick,

 

I agree with your comments about the undervalued NZ market. As we haven't enjoyed much the upswing rallies seen on many other overseas market, there should be limited downside risk as well IMVHO. Most NZ stocks listed on Wall Stree have shown certain degree of resilence so far. However, the current market correction will no doubt create many buying opportunities once the selling mania stops. I for one will be waiting with anticipation for the market to settle down.

 

Kind reagrds

Osbert Sun

----- Original Message -----

From: nick

To: sharechat@sharechat.co.nz

Sent: Saturday, April 15, 2000 7:49 AM

Subject: [sharechat] Goody the panics setting in, opportunity knocks!!

      Those investors who have kept faith with fundamentals

will be sleeping more securely than recent victims of tech fever.

        Suddenly the good old New Zealand market is looking a nice safe

place to be.

      Sure on monday we will take a hammering, but not nearly as bad as

most markets and the fact we are already undervalued means recovery will

be swift.

     Looks great for some bargain hunting to me, possibly in mid week when

the panic on wall street will have subsided. Im going to top up on all

my old economy stocks and if advantage goes low enough (less than 3.00 i may

even jump in there hehe)

            nick