Forum Archive Index - August 2000

["Warner Lamb" <cloud9@i4free.co.nz>]

Ben, I too have noticed the recent trend of going against the tide for a
change. Maybe a sign that valuations here are a lot more linked to
fundamentals in stocks like ADV. Alot of the small ones seem to be on or
just above their cash or asset backing. Their is alot of pruning going on
with the volitility and notice many of the big players on NASDAQ have
remained strong after the general selloff in April. There are so many stocks
on the NAS that the numbers only show a trend as there are many big gainers
even on a selldown like last friday. The general trend is a downward
correction till end of summer. Once that sentiment goes away and people
start seeing the growth, no doubt we will see it fire again..if it can hit
5600 once, history shows it will do it again.
One thing I notice on this quiet day is the doomsayers are back in hiding,
till the next selloff! If we just took notice of the indexes to make our
assumptions, then we may have all missed out on FFS, FLP and FEG and WHS etc
etc. TIMING IS EVERYTHING!
As I post on my NZ choices ADV, RMG, and FFS I am reminded of this quote
"A writer may try his best to draw a map of how things are, that will be
equally valid for all; but all he can really do is to paint a picture of
what he sees from the unique and transient viewpoint which is his alone"
(Vickers)
Enjoying the ride
Warner





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