Forum Archive Index - May 2000

["Geoff Ewert" <gewert@wai.quik.co.nz>]

Dagens article reinforces ones belief
in double speak and uneven playing feild.Surely a breeding ground for
politicians,of course an increase in hours would be necessary!Regards Geoff.
ps.Initially Ms.Wong purchased on a BUY not a hold----- Original
Message -----
From: "Nigel Bree" <nbree@kcbbs.gen.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, May 07, 2000 8:38 PM
Subject: Re: [sharechat] BCH slide


> brendon peters wrote:
> > According to my 'Making money on the New Zealand sharemarket' book (by
> > F Newman/P Briggs), when a brokerage firm says "Hold" , this is what
> > it means:
> > "Nothing much appears to be happening, sit on the fence for a while,
> > something must happen one day".
>
> See http://www.thestreet.com/funds/deardagen/932169.html
>
> Capsule summary: what it means depends on the analyst. But looking at
> these ratios:
>    One-third of the ratings are strong buys. Another third are buys
>    and one-third are holds, says Joe Cooper, a First Call research
>    analyst. The remaining two categories -- sell and strong sell --
>    command a minuscule 0.8% of the total. (During the 1990s, that
>    distribution has been about the same.)
> you have to say that a "hold" rating is as often as not the strongest
> negative signal you're likely to see.
>
>
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