Forum Archive Index - May 2000

["Richard Hooper" <hoop@ihug.co.nz>]

Phil
I agree 110%
Alot of people have made alot of money on Eric's hype . For their sakes I
hope they make more.
............Yawn.... 4.20am still up ,tomorrow will be a tuff day me
...ZZZZZZZZZ
Hoop

----- Original Message -----
From: Phil Eriksen <phil@acepay.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, May 11, 2000 3:22 AM
Subject: Re: [sharechat] Making money in bear market?


> Richard Hooper wrote:
>
> > Enough of paitriotic flag waving stuff ..... why are investors afraid of
> > Eric and downgrading BCH,  if u  look at Eric's performance longterm as
a
> > competitor I can't think of any achievements. ADV  was in a niche market
> > ,the rest are tech not proven .BCH is a proven company and growing
globally.
> > (see sharetalk site for McEwen's recommendation buy..... @ $9.75
> > :))))))))))       )
>
> I think the fear of Eric Watson has to do with the recent nature of the
> BCH stock price.  Baycorp have a very real, and successful business.
> The management have a track record of actually improving the business,
> and it does stand out in the dreary NZ market.  However, a speck of gold
> in amongst a pile of rubbish is sure to attract the miners, and BCH sure
> has.  While the stock deserves a high valuation, I think it got a little
> too high due to "momentum".  And as we're finally seeing with the
> Nasdaq, the sort of investor that buys a share just because its going
> up, will also sell it just because its going down.
>
> The one thing Eric Watson is good at is hype and "future prospects".
> When it comes to actually delivering, well, I couldn't possibly
> comment.  The point tho, is that when you look at the sector Baycorp is
> in I think a fair amount of the "momentum" money will be chucked at Eric
> and the boys rather than at Baycorp - especially when many Baycorp
> holders can cash out with a substantial gain and hopefully get a new
> ride with Eric.  I'm not sure investors are really afraid "of Eric" as
> such, I think it's more a case of people who jumped onto a booming
> Baycorp "for the ride" are exactly the sort of people who confuse PR
> with profit, and see better prospects in the new rather than the old
> (the new, of course, allows drooling about expected results rather than
> mourning actual ones.)
>
> Bottom line - I think Baycorp is still a while away from "settling
> down", probably at a lower level than it is at today.  Over time tho,
> results are what matter, and while competition is a threat, Baycorp has
> always had competition.  Having a listed competitor just makes it easier
> to compare the performance of BCH with the performance of Eric's mob,
> and if the results stack up for BCH, how can that hurt long term?
>
> Cheers,
> Phil
>
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