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[sharechat] Investments onshore or offshore

From:	"Graeme Martin" <Martin.Graeme.S38@xtra.co.nz>
Date:	Sun, 17 Dec 2000 01:08:46 +1300

Chatters

It wasn't that long ago that the wise money was being directed offshore and that the Pacific Peso ($NZ) was being touted as overvalued even at US 40 cents. Now the dollars on the rise and it must be hurting some who chased the "good value" in Australia, Singapore or the European bourses.

We seem to be in a time of inaction on the NZ Market, small volumes and small values, the situation stocks such as Fletchers, Air NZ and Telecoms hogging the limelight.

I'm wondering will the smart money come flooding back? Is the NZ market ready for its giant leap forward post the Christmas institutional squaring off of portfolios.

What are your feelings, are we still in a defensive mode, the bears looking at AIA, SKC, the banks etc or will the new year bring out the bulls?

I'd value other opinions. Personally I'm a little bull rather than a big bear.

Graeme Martin

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