Forum Archive Index - April 2000

["hyperion" <hyperion@ihug.co.nz>]

ril, You are wrong, the NZ market is not overvalued it is under valued if
anything, take a look at CEN for example .  This is a stock which may see
some value added in months to come. Sounds to me like you got burnt and now
are spreading doom and gloom for everyone.  The NZ market is not made of
tech stocks! these are the shares that are crashing.

 I will not be selling any stocks I own and look at the long term aspect,
this is a hiccup along the way as long as the share has a yeild who cares at
the day to day price. As long as the company is proffiting now and has good
managment there is no reason those profits will dissapear if the share price
dips.

Sure if you are playing with stocks that have a projected earning and no
real income or turnover you are going to get burnt alive in the current
invironment. Speculation hurts when your in the dark doesn't it?

regards....
----- Original Message -----
From: ril <ril99_99@yahoo.co.uk>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, April 16, 2000 3:35 PM
Subject: Re: [sharechat] Panic, this correction is a worry


> With due respect, what I said was I didn't know which way it would go on
> Monday but there were serious flaws in the financial system.
>
> There is every reason to be panicing at the moment and in first world
> countries people generally are.
>
> To reiterate, the NZ market is over-valued and will be hit severely in a
> crash. Probably for the fourth time let me say that a stockmarket crash
> CHANGES THE UNDERLYING EARNINGS OF COMPANIES THROUGH REFLEXIVE CHANGES
> IN THE REAL ECONOMIES THEY OPERATE IN.
>
> --------------------------------------------------------------------------
--
> 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.
>


----------------------------------------------------------------------------
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.