Forum Archive Index - May 2000

["hugh webber" <hugh.webber@clear.net.nz>]

when will you guys learn that overseas currency predictions incl NZ$ are
hazardous in the extreme
and you stand to lose your shirt predicting which way it will go, even the
professionals do.
There are just as many reasons the NZ$ will go up not down; in particular
its close link with
the Australian $ and recovering NZ commodity prices.
As GST comes in and inflation bounds, as it is a bit anyway, the RBA hits
the higher interest button - result $A goes up and SNZ goes up and
leveraged currency
investors lose their shirt - again.
Its much safer speculating on worthwhile NZ companies with real earnings
that are on
an uptrend in earnings or good recovery prospects.
Anyway the last Australian trade result wasn't too bad and dumb overseas
investors
can't get it out of their head that NZ=Australia and vice versa so why not
take advantage of them...

cheers,
Hugh

----------
> From: Peter Beamish-White <peterbw@xtra.co.nz>
> To: sharechat@sharechat.co.nz
> Subject: Re: Re: [sharechat] Trade Deficit - What a whopper
> Date: Wednesday, 3 May 2000 14:53
> 
> The Mac index started as a joke and it really still is. I agree with RIL
> that the NZ dollar is heading down and quite quickly. RIL is warning us,
> I think, to get some cash offshore.
> 
>
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