Forum Archive Index - January 2001

["Mark Hubbard" <mhubbard@es.co.nz>]

> Did you get any of that  record move yesterday? That wouldve been a
> great way to leave the index. No way you could see that coming. Ive been
> trading Compaq (cpq) lately, but just happened to be cash and away from
> the computer when that cut was announced, so missed out.
> Still think Nasdaq goes below 2000. Earnings begin shortly, maybe
> Greenspan wanted to soften the blow thats about to hit.
> Good luck with the house.
> jesse


Actually did better. I sold the two major tech. centred funds I was in
(Finsbury Technology and Henderson Electric & General) on 28th December -
which was after two days of the Nasdaq trending up (before it then nose
dived again on 29th and 30th. Yes I missed the 15% rise of two nights ago,
but even after that rise Finsbury only got to 4.58 (pounds) whereas I sold
at 4.72 (30% gain on investment since November 1998 - had been 100% return
as at April 2000 :(

So still pretty happy.

Still got a number of small ASX firms to exit, including one speculative;
that is, CGB (Chrome Global). The others are UCR (United Group), CSB (Comet
Satellite and Cable), NIX (Nautronix), plus of course NUF (discussed this
morning).

I can still keep these in, probably until mid year, so I'm going to hang on
as I believe all are on their lows (or near to). (Oh, still a Japan fund, an
Asian Fund, and a European fund - all UK Trusts - to extricate myself from,
but over similar time period). I'm picking Asian markets (other than Japan)
to pick up over first half of the year as US cash looks for a home. Japan
seems determined to be a graveyard for my money. Over the last six years
I've gone into Nikkei twice, and lost half my money each time.

Interesting times - and a little stressful. (Good object lesson in ensuring
your long term investment money is actually long term investment money :)


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