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From: | "Peter Maiden" <pmaiden@xtra.co.nz> |
Date: | Wed, 28 Feb 2001 07:22:57 +1300 |
Well said David
It is volatility that causes
shares to do well over the long term - because much of it is a natural response
to uncertainity about the future.
Wouldn't life be boring if WAM,
for instance, traded within a 3-4% band of it's fundamentals all the time.
Hasn't the recent volality in
WAM's price been caused by a lot od investors intepreting whatever news they had
on WAM the same way?
No doubt over time the WAM price
will 'bouce' back
Cheers
Peter
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