Forum Archive Index - October 2000

[2000@z.com]

Don't mean to be too negative, but really, in the current environment 
how can I not. I brought parcels of FFS at 87 and 89 on the way up, 
when the rumours of a pending sale were rife. I have been burnt in 
the past by shares quickly turning so I watched these ones like a 
hawk. I sold both parcels at 85 and 87 respectively. I was annoyed 
having lost a few hundred on each sale. This must be nothing compared 
to what some of the small shareholders are feeling. Those who have 
seen 50% of the value of their stock and possibly savings etc. wiped 
out in effectively a couple of weeks. I too think it is a disgrace 
what FLC have done to their shareholders and if it had happened to me 
(almost did) I would be pounding on their door asking for 
explanations and getting fellow shareholders together for the 
upcoming general meeting to find management accountable. 
I too will be one of the ones to leave the country. I am 25 and the 
only reason I came back to NZ after spending 3 years away on my O.E. 
was because my work visa expired. I will get into Europe by going to 
work in Ireland which incidentally was an economy very similar to 
ours but is now one of the fastest growing and most attractive in the 
world. When I was overseas a lot of the Irish had left their homeland 
as the economy was in poor shape and there were no jobs. These same 
people are now returning in droves. Hopefully our country can start 
to get it right so that our NZSE40 actually does show some returns 
over the next 13 years and so that graduates leaving behind huge 
student loans earning interest will be enticed back home, not just 
because our scenery has been rated 99.92/100 (i.e. No 1 over Canada)
by travellers in Conde Nast magazine. Also good win by the cricketers 
last night - see not all bad news!!

Check out the latest in z.com programming, produced exclusively for the net!  http://www.z.com ---------------------------------------------------------------------------- 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.