Forum Archive Index - August 2000

["Ben Dutton" <bendutton@sharechat.co.nz>]

The Nasdaq has staged a nice "recovery" on Wall Street today, closing up
103.99 points, or 2.84% to 3766.99

What does this mean?  Well, nothing really - the Nasdaq is just bouncing
around as usual - today it went up, tomorrow it may well go down.  We've
seen an intense amount of volatility this year, and it ain't over yet.
However, the chances of another tech meltdown as we saw in April are slim
(but still possible).

Freaking out over the Nasdaq's gyrations aren't really going to get us here
in NZ anywhere - and I must say that I was quite chuffed that our techs held
up so well yesterday (with the NZ market showing remarkable resilience to
Friday's fall on Wall Street).  Perhaps a sign that NZ investors are now
somewhat immune to volatility on Wall Street?

Check out this article in Forbes - it's pretty good (from May 1 but still
relevant)

"Volatility Has Its Uses"

http://www.forbes.com/forbesglobal/00/0501/0309066a.htm

So let's keep on focusing on the companies proper - and not just what the
Nasdaq is or isn't doing.

I've been reading with interest the talk on ADV lately.  Personally, I rate
ADV as the best tech stock on the NZSE (yawn if you've heard me say this
before).  The amount of options hitting the market may be a cause for
concern, but the share float is still pretty small, and their future growth
prospects are phenomenal.

Comments, criticisms welcome :)

Benjamin Dutton
(disc. no current holding in ADV).


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.