Forum Archive Index - September 2000

["nick" <acummin@es.co.nz>]

     At the height of the summer rally, i made a comment

not to get too excited as the dark days of october were around

the corner.  That comment was recieved with derision in some quarters.

         Now that the dark days are nearly upon us we are starting to be

presented with some nice looking bargains, our stocks are starting

to sing like the budgie, cheep, cheep, cheep !!

         The trigger finger is starting to itch, however im desperatly trying

to hold fire (difficult due to addiction to buying stocks)

   Where are the bargains?   Where to start?.  Stocks heading rapidly

into bargain territory, -already there?- have to include

    Telecom, nufarm (whats going on there?) restaurant brands, carter holt,

contact energy and sky tv.

     What always. happens when i spy a bargain is that they always go even lower!

 Only twice have i boought at the absolute bottom,(frucor and breirley).

 Therefore i am resisting the temptation to buy now and have put in orders

at lower prices, with my broker.

    Telecom 5.80

    nufarm   3.50

    restaurant brands 95

     carter holt 1.60

    contact energy  2.30

    sky 3.30

                     Maybe i will end up empty handed? However history suggests that

at some point my buy orders will be triggered on some of these over the next month or so.

Is that good?  Being highly invested low stock prices are a double edged sword, portfolio

looks sad, (still 7% up for year but falling rapidly) on the other hand its

good fun hunting down the bargains.

     So my cure for itchy trigger finger has been to hand the loaded gun to my

broker, hopefully he will only fire when he sees the whites of their eyes.

 

     nick