Forum Archive Index - April 2000

["malcolm coleman" <malcolmcoleman@hotmail.com>]

Rawters News: 18/4/2000  A dead cat is reported to have made its way from 
Nasdaq, USA to New Zealand on a one-engined Air New Zealand flight late last 
night. It had managed to stow away in the undercarriage, but fell from the 
Sky when a wheel came off the plane, apparently weakened after a turbulent 
landing in Singapore.  A Day Trader, on her way to the Eagle Boys Pizza Hut, 
was unfortunately struck and killed by the cat as she paused to activate the 
7% turbo-boost vibrator on her SYMBOL WAP device (elementary, Mr Watson?).  
Police have laid charges against the cat's owners, Mr and Mrs Rich Pickings 
of Silicon Valley for a 'gross breach' of New Zealands strict bio-Securities 
protection laws.

Share % movements in the last 6 weeks (to present) for those interested in 
New Zealand's dynamic Technology sector:

EFC  -30%
AQL  -30%
EPH  -47%
FOR  -43%
HGD  -29%
ITC  -45%
ITCOD-59%
PRG  -14%
SMM  -21%
SPE  -52%
SVY  -27%
ADV  -26%
SMR  -49%

Nasdaq corrects all of Friday/Monday losses. if NZ buyers follow herd 
instinct then losses of 20-30% should now be followed with gains of 25-43% 
to get back to square one.  I'm still waiting... I think the three people 
supporting our tech industry just left for a more important engagement 
somewhere in the East...

Now tell me I should continue day-trading!  IMO I'm a mug and IMHO day 
trading is a mug's game in this country. My advice - buy long in NZ and 
stick to free star-gazing. (Yes I definitely need some sleep Mr Jones...)

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