Forum Archive Index - January 2001

[richard hermans <r.m.hermans@xtra.co.nz>]

That is most interesting Peter Thanks Margie

> Peter Maiden wrote:
> 
> 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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