Forum Archive Index - May 2000

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

I would have thought that SMR should benefit from its connection to RMG
through the CreditNet. But the thought of large institutional investors
selling up tech stocks concerns me a bit. ITC has been under great pressure
in the last few weeks due to large volume sells despite strong buying
support. I guess it would be safer to cash up at least part holdings in tech
stocks for small investors. In any case, I believe in the potential in
selected tech stocks. The stronger than expected profit reported from some
internet companies overseas could perhaps provide some comfort to people who
are into the tech stocks for a longer term.

Kind regards,
Osbert Sun

----- Original Message -----
From: "terry mitchell" <tymitchell@techemail.com>
To: <sharechat@sharechat.co.nz>
Sent: Monday, May 01, 2000 7:47 AM
Subject: [sharechat] Soros' moves may impact on other NZ tech stocks


> I have no doubt that George Soros' decision to reduce substantially his
worldwide tech stocks will send other foreign investors in NZ tech stocks
also reconsidering their positions.
> Small investors should therefore take Soros' decision as an early warning
and reconsider their positions not only in stocks such as ADV (obviously)
but also SMR and ITC which depend substantially on foreign investors. Even
Eric Watson himself could see that there is more money to be made from
chasing debtors rather than turning Frontier into another B2B company.
> Just my thoughts.
>
> Terry Mitchell



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