Forum Archive Index - June 2000

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

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From: malcolm coleman <malcolmcoleman@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: 1 June 2000 2:22 PM
Subject: Re: [sharechat] Auckland airport


> I get the feeling that the migratory investors are flying north to bask in
> warmer lands, while we enter our new ice age. Large sales have been
noticed
> in Strathmore, Advantage, Warehouse, Fletch Forests (why so many eager to
> sell?) etc etc.


I don't know about the other shares Malcolm, however, this is not so for
Warehouse. The huge volumes in that stock are due to it being placed in the
Morgan Stanley International Capital Index yesterday, hence, it denotes a
lot of fund managers buying into it.

What does surprise me, however, is the fact that over this volume, and for
this reason (which should be good for it), the price has moved down
slightly.

I hold and am happy with Warehouse up to now, however, I am reassessing my
position - I'm worried about the ERB and warehouse (all those young staff /
unions - a dangerous mix), plus the low $NZ must be hitting them. If they
announce plans on moving into Australia soon, however, I will be more
comfortable.



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