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Re: Re: Re: Re: [sharechat] Strange times

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Sat, 2 Dec 2000 20:23:29 +1300

HI O.M.M.,

Very perceptive comments and good info.!

Let us have some more; pse keep contributing !

Normally, if many foreign investors expect the NZ currency to rise, one could see a rise in N Z stocks.

Telecom used to be a familiar investment; it was used to 'park' the cash. Once the top of the currency curve was reached, they would leave, taking the dividends with them as well.

Seems that they could be attracted by the Euro. In any case, a lot of them got hurt by the deeds of incompetent directors and decisions of the stock exchange. Many were used to invest in the larger NZ stocks and most of those have been sold.

This and the non existence of a government super fund which could have bought some shares, tend to keep share values lower.

And as everybody knows, a second private property will not be taxed.

Gerry

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