Forum Archive Index - May 2000

["Mark Hubbard" <mhubbard@es.co.nz>]

'Retreat back to 'value investing' Osbert! - well I hope you have better fortune than me; apart from FEG and WHS, my value shares are looking decidedly sick. Still long term I suppose...

 

Oh, I'm taking another pummelling on the FTSE at the moment - it really has taken a fall. Will be interesting to see what Dow and Nasdaq do in  a few hours.

I'm really growing tired of this downward traffic.

 

 

 

From: Osbert Sun

To: sharechat@sharechat.co.nz

Sent: 17 May 2000 10:40 PM

Subject: [sharechat] ITC, AQL, SPE ......

ITC - Encouraging to see it recovered well today from yesterday's low of 21c. However, the continued selling by institutions over the last few weeks has made me somewhat uneasy in the short term. The big question: have we seen the bottom yet?

 

AQL - Be extremely cautious with this stock unless you are the person in the know or have more money to loss. I have nothing further to say about this stock

 

SPE - All the waiting and guessing are over for this coy. The WEL deal is going ahead, the options and rights issues are written in the book. However, the reaction from the market has been very cautious. So what's next?

 

Given that the market volatility is much more unpredictable than ever, I'm inclined to retreat back to value investing. I'm trying not to worry what the US market may perform overnight.

 

Kind regards,

Osbert Sun