Forum Archive Index - September 2000

["Rob Neal and Mandy Aldridge-Neal" <randmneal@xtra.co.nz>]

Telstra has been hit on every front

 

The 2nd instalment for T2 is due November 2nd and there has been a sell off before that happens. A general drop in Teleco stocks globally. Overseas investors have been taking money out of Aussie just the same as NZ. The deal with Pacific Cyberworks to get exposer to the Asian Markets is perceived to be expensive. Pressure on profits from greater competition. All these factors have led to a situation where Telstra has been over sold. This is good buying at the moment but I will wait and see where and when it bottoms out. In the mean time I have bought some Telstra Call Options hoping to make a quick buck with limited exposer  before committing too many kiwi dollars. One thing is for sure though, the team at Telstra want to get the share price up fast before November 2. If they don't they will have some very unhappy (and poor) investors to answer too.

 

Cheers

 

Rob

----- Original Message -----

From: Johnny

To: sharechat@sharechat.co.nz

Sent: Tuesday, September 26, 2000 10:13 AM

Subject: [sharechat] TLS

Hi everyone,

 

TLS has dropped quite a bit in both NZSE and ASX while the markets are up. Anyone know the reason for that? Do you think now is a good time to buy TLS?

 

Johnny