Forum Archive Index - April 2000

[Phil Eriksen <phil@acepay.co.nz>]

nick wrote:
> 
>       If world stock prices fall significantly, ie 20-30 % (old
> economy)
> would the norwegians still want to pay 2.50 a share for forests?
>  nick

If FLP fell that much, wouldn't it still be worth more than the price it
was when they made the bid?

That said, fear is a funny thing.  I'm having a terrific morning going
through my regular sites and checking the prices of the stocks I follow
(esp in the US).  While there may be a bounce upwards at some point, I
suspect there could be a sustained period of fear and falling prices
(esp in the overheated markets).  

I've felt a little silly for the last 3 months as i've kept approx 50%
of my resources in cash, and while i'm very happy with what I hold, i've
been patient when it comes to buying much more, especially overseas. 
I'm not feeling silly anymore.  The hard bit is going to be knowing
exactly when to start buying, but I suppose the job is to give it a
little time then steadily start buying.

Hope you are all sitting on minimal tech and preferably some cash.

Cheers,
Phil

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