Forum Archive Index - October 2000
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[sharechat] FEG and NZdollar nosedive
FEG closed in Aust at the equivalent of NZ$7.50 tonight.
Well over 100 million dollars of FEG were purchased today at between $9.30
and $9.45.
One or two punters have, just today ,(Tues and Wed similar) seen over 20
million dollars wiped off the market value of their investment.
That is just on the NZ market.
Regardless of some share price recovery if it comes,or plan B, how-now
international investors regard for New Zealand?
The dollar is now down to around 39.8 U.S.cents.
Dr Deane, - your reputation has evapourated.
With it's present business and political leadership, I sincerely fear for
the future of this country.
Regards
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