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[sharechat] Strange times

From:	"Derek Watt" <watt250@hotmail.com>
Date:	Fri, 01 Dec 2000 18:04:56 +1300

You've got to laugh...

>WHAT NOW?
>In the first leg of the correction in April, we adjusted our
>attitude toward this new wild-west public market with the
>new new rules. One of the rules was that an unprofitable
>company (and certainly one without revenues) should never be
>valued over $10 billion.

(note this is $25 billion NZ!!!!!!)


Also about the markets reaction to Affco's profit - Overvalued at 47c with 
7.5 c earnings per share + improving prospects ?

If so then most of the other shares on the NZSE are in big trouble.

Derek





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