Forum Archive Index - November 2000

["Matthew Van Veen" <mattvanveen@hotmail.com>]

Nick

No empirical evidence at all. Just wanting to see what people thought. What 
I was trying to say is that our tech stocks have not gone away, none have 
folded (as some oseas co's have)and some of them WILL make money for the 
investors. Its a matter of picking the right ones I guess and not throwing 
money at them all as was happening 12 months ago.

Matt

I think we are all a lot wiser now gipeople are alot wiser now
>From: nickkearney <nk@xtra.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: Re: [sharechat] Full Circle
>Date: Tue, 07 Nov 2000 13:24:07 +1300
>
>MAtthew and others
>
>I want to know what empirical evidence you or others can point to that a
>rally in IT stocks is forthcoming. Please don't mention the month of the
>year as proof of anything.  For me that doesn't seem to be a very
>rational or sound basis on which to support this proposition.  I can
>hear it now.  Why did you spend all that money on companies that make no
>money?
>
>Answer.  Cos it was November!
>
>
>Thanks
>
>NK
>
>Matthew Van Veen wrote:
> >
> > I tend to remember this time last year that we were in the Tech stock 
>hype
> > and we were all buying AQL, ITC, NGL, SMR, ADV etc from this only to see 
>it
> > all come falling apart about March. No NZ tech stock has been wiped out 
>in
> > the last 12 months (even AQL is still there be it in a shell form) and a 
>few
> > have been added. One of these is BDO which is subject of today due to 
>its
> > recent rise. Apart from AQL, you can now buy the above stocks and others
> > much cheaper than they were this time last Nov (without doing exact 
>sums).
> > All apart from AQL still have underlying businesses or investments.
> > Are we about to see another surge of popularity in these and other tech
> > stocks ( CSG, EVZ, WNC, CGB ). Even Warner is thinking seriously about 
>ITC
> > so the tide could be turning. I tend to think if a rally is forthcoming 
>then
> > todays prices must represent good entry levels - or some have already 
>missed
> > given the rise of NGL and BDO in the last week.
> > 
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