Forum Archive Index - April 2000

[Mike Hudson <MHudson@placemakers.co.nz>]

Osbert wrote

"I absolutely agree. What's the point to sell if you couldn't find a
reasonable buyer? Has the fundamentals underpinning the share price changed
overnight? I don't think so! I will be patiently holding onto my shares and
ride the market downturn out. It's a good time to take a holiday!"

The fundamentals have not changed but what has changed  is the market
perception of those companies which are not valued on their fundamentals
i.e. the crappy little NZ tech stocks.

This could be a good time to buy selectively. This is the time when
inexperienced investors in their haste to get out place "market" orders( the
volumes seem to be fairly small which supports this), the institutions tend
to sit on the sidelines for a while and those with nerves of steel can
profit. 

Mike  



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