Forum Archive Index - January 2001

["Malcolm Cameron" <malharcameron@hotmail.com>]

FROM: MALCOLM CAMERON malharcameron@hotmail.com
peter  that would be very nice thanks
malcolm

>From: "Peter Maiden" <pmaiden@xtra.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: [sharechat] Brokers Tips lagging behind Shartchat Growth Index 
>....(badly)
>Date: Mon, 29 Jan 2001 19:23:58 +1300
>
>The Sharechat Growth Index is going well with the index up 4,6% over the 
>last two weeks. The NZSE 40 (both capital and gross) up 2.5%. I hope you 
>all are enjoying watching the progress.
>
>In a moment of boredom (again in the Qantas Club Lounge) I thought maybe I 
>could use the same methodology on the brokers tips  (as published in the 
>Herald and taken from Warner's post earlier in January) and create a 
>Brokers Tip Index..
>
>Mikes 'Beat the Brokers' competition implies that we take some small 
>satisfaction in doing just that...........
>
>The brokers tips were more widespread than those of the combined wisdom of  
>Sharechat contributors. Therefore the brokers portfolio needs to include 7 
>stocks to give a better representation of their popular stocks in the 
>index...
>
>These are FFS, WHS, SKY, CEN, TEL, FLB  and AIRVA.
>
>As with the Sharechat Growth Index I have weighted the portfolio on the 
>basis of  the number of selections each stock received. In the portfolio 
>for example FFS and WHS have a 19% weighting. being selected 5 times out of 
>the total of the 26
>times these seven stocks were selected. This weighted portfolio therefore 
>represents the combined wisdom of the participating brokers.
>
>Interesting result after 2 weeks (12/1 to 26/1)
>
>Sharechat Growth Index            UP  4.6%
>NZSE40                                   UP  2.5%
>Brokers Tips Index                   DOWN  0.1%
>
>The Brokers are ahead with SKY, CEN and TEL  but down with FFS, WHS and 
>FLB. With WHS and FFS being the most popular and heaviest weighted 
>selections it's just as well I put 7 stocks in their Index.
>
>To date the combined wisdom of Sharechat contributors is beating the 
>combined wisdom of brokers - and the efficient market. .
>
>No bother to keep reporting progess if contributors think worth while
>
>Peter
>
>

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