Forum Archive Index - May 2000

[Mike Nelson <bb2345@ihug.co.nz>]

I would agree if our market had powered up in step with the Nasdaq but it
didn't. Take a look at other techs on the NZ market like ITC, SMR, EFC etc.
They took a beating earlier on in the current rout but of late they have
been fairly stable in comparison to ADV which continues to descend. As I
said before ADV are not in the same speculative league as some tech stocks
in that they have good cash flows and profit. Got me beat.

MN


At 12:47 AM 24-05-00 GMT, you wrote:
>Well for better or worse all tech is moving in lock step with the NAS. Now 
>take a look at Cisco today. Nasty downtrend, so investors figure that if a 
>bellwhether like Cisco is becoming unloved then it does not bode well for 
>other techs, wherever. Remember that many NZ companies have big overseas 
>shareholders and the attitude is "I'm outta here when the mood changes." I 
>have only used Cisco as an obvious example but most of the big names are 
>hitting new lows (for the month) Believe me if Cisco goes below $50 it will 
>get very ugly. I do not own ADV but would be a buyer after a complete 
>washout on the NAS. Try to see the perspective by looking at where ADV has 
>come from in the past year. I know I will get the opportunity to buy it alot 
>cheaper yet.
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