Forum Archive Index - October 2000

["Graeme & Jill Christie" <bayvu@ihug.co.nz>]

I noticed that Cisco are still holding just above $50. They are still in
Merrill Lynch's Top Ten Tech Portfolio for what its worth.
-----Original Message-----
From: Peter Maiden <pmaiden@today.com.au>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Thursday, 26 October 2000 13:52
Subject: [sharechat] FFS Shareholders - (& fund managers)


>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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