Forum Archive Index - March 2001

["Ben Dutton" <bendutton@sharechat.co.nz>]

Thanks for posting that Peter - here's another one from Mr Cramer that showcases the wholesale destruction of wealth on the Nasdaq - the tables are quite astonishing.

 

First sentence:

 

"One year ago all seemed right in the world. The Nasdaq was on fire and the mutual funds were red-hot. A year later, $2.2 trillion of NDX, or the Nasdaq 100 index, has been vaporized. Vanished. Like it never existed".

 

(Here's the link for the full story):

 

http://www.thestreet.com/comment/wrong/1323770.html

 

Best Regards,

 

Ben Dutton

----- Original Message -----

From: Peter Maiden

To: sharechat@sharechat.co.nz

Sent: Sunday, March 04, 2001 1:38 PM

Subject: [sharechat]

Amazing (and frightening) story from Bens favourite thestreet,com writer James Cramer.

 

Starts ...

You wanna buy some Check Point (CHKP:Nasdaq - news) at $477? How about picking up some Juniper (JNPS:Nasdaq - news) at $448?  Why not get long some Veritas Software (VRTS:Nasdaq - news) at $421? Or Brocade (BRCD:Nasdaq - news) at $365? And grab some Broadcom (BRCM:Nasdaq - news) at $270 while you are at it. Hey, I have bad news for you. That's exactly what you are paying for these stocks.

 

The whole story

 

http://www.thestreet.com/comment/wrong/1320032.html

 

 

Wonder if anybody has done anything on New Zealand stocks?

 

Cheers

 

Peter