Forum Archive Index - October 2000

["Geoff Ewert" <gewert@wai.quik.co.nz>]

Hi Hugh,
             I dont suppose you caught the abc bulletin @ 11 ish  tv3 last
night.The view seemed to be we (USA) have gone from hysterical optimisim to
hysterical pessimism.A lot of the dot coms are bringing in old schoolers to
give these cos. some realism and accountability (keep the scooters under
control).
 I may have incorrectly heard this stat but 50000 new internet sign ups per
day in the first quarter of this year.??
 One commentators view was that he was confident,  after the slaughter then
there was great promise as  greed will (and does)
uliimately prevail.
 So go for it "contrarians"
 cheers

----- Original Message -----
From: "hugh webber" <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, October 26, 2000 6:55 PM
Subject: Re: [sharechat] FFS Shareholders - (& fund managers)


> Right on the nail Peter, I would hope that Sharechat remains a haven
> from Fund Managers and their rigid brainless formulas and a place for
> people to turn their brains on and think for themselves.
> Good to see that sound P/E's, gross dividends yields and NTA's defended
> the NZSE today from what will probably become a selective meltdown on
> the NASDAQ, at least I hope it will be selective rather than hysterical.
> But coys
> that still have P/E's of 150 and no forseeable prospect of profits let
> alone
> dividends - madness.
> Interesting article in the Economist not too long ago on the 3G auction
> insanity. $300 billion to be spent worldwide on buying the rights mostly
> for a vague idea of cellphone/Internet convergence. Would you get a decent
> screen and keyboard on your cellphone? would you use it?
> I mean I'd pay a bit to get high speed WAP Internet access at home instead
> of the present pony express but not much and I'd want to be reassured I
> wasn't frying my brain into brain cancer a la heavy continuous use of
> cellphones.
>
> cheers,
> Hugh
>
>
> ----------
> > From: Peter Maiden <pmaiden@today.com.au>
> > To: sharechat@sharechat.co.nz
> > Subject: [sharechat] FFS Shareholders - (& fund managers)
> > Date: Thursday, 26 October 2000 13:49
> >
> > Malcolm - I note the comments in your response. I did have a brief chat
> with somebody who works for a fund manager yesterday. As there was an
> internet connection (courtesy of Ericson) in the Quantas Lounge in
Auckland
> I gave him a quick tour of the Sharechat forum so he could get some
> feedback as to how others see them.
> >
> > Ben - he was most impressed with your response to Malcolm's note and
> could not really argue against the points you raised. I did invite him to
> respond through this forum - hopefully he will.
> >
> > I still stand by my views and Ben I agree with a lot of what you said.
> >
> > A quote from InvestorWeb (investorweb.com.au) commentator, Geoffrey
> Transom, made today I couldn't resist -
> >
> > "I told you yesterday that the 'spend lots of dough on ads, but not much
> thought on stock selection' fund managers who love News Corp so, wouldn't
> let it fall under $20 - although they waited until right at the close
> before doing so. Today they won't have much of a choice in the early
going,
> but I've little doubt that by the close a little more pensioners' savings
> will have been sent to the gates of Money Heaven, and will pass through
> those gates the next time he US markets cracks."    --  so far today down
> to near $19
> >
> > The full commentary (very insightful) on yesterdays events in Oz and
> overnight events in the USA is (you need to register but its free).
> >
> > http://www.investorweb.com.au/MB_story_details.asp?ItemNumber=7352
> >
> > Pretty sorry picture coming up tonight by the looks of it on the Nasdaq,
> especially if Cisco goes below $50. A spill over to NZ no doubt?
> >
> > Cisco is a stock where American fund managers have large holdings. They
> have continued to buy into this company without any consideration to what
> the value of the company might be - in case they get out performed by
other
> funds etc.
> >
> > Let's see what happens
> >
> > Peter
> >
> > --- Move to a better address ---
> >        + today freemail +
> >     http://www.today.com.au
> >
> >
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