Forum Archive Index - March 2001

["Matthew Van Veen" <mattvanveen@hotmail.com>]

RIL

Still spreading the 'foot in the mouth disease" I see.


>From: RIL <ril99_99@yahoo.co.uk>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat] Various
>Date: Wed, 21 Mar 2001 12:21:00 +0000 (GMT)
>
>So sorry to see you lose half your air strike
>capability in the last few days. Still there is always
>the hang-glider option with a .303 strapped to the
>sail.
>
>Things, I think are going to get a lot worse in this
>stock slide. Nasdaq P/E's are still way too high. As I
>said before here I think 1000 - 1500 (closer to 1000)
>is realistic. As for the Dow, looking for 4000 to 5000
>once this is finished as earnings growth is going to
>disappear.
>
>Amused at Kiwis crowing that their market is going
>against the trend. Like a cat dropped to its death
>from an office building 13 years ago that suddenly
>develops a nervous twitch.
>
>Actually, I am fascinated to see how this potentially
>very serious downturn affects NZ. It must affect the
>export and tourism dollars obviously. It is, however,
>very interesting to observe (from a distance) a
>country getting poorer and to see what in the
>infrastructure gives as this global correction takes
>place.
>
>From where I stand I see a place that is a collection
>of junk retail outlets, cafes and a goodish
>agriculture sector (which is failing to capitalise on
>its current opportunities).
>
>As regards the NZ market: stay out of it until this is
>done. It is nothing more than a pathetic joke. There
>was no life in it in the 90's until the tech burst and
>that is now done bar the receivers.
>
>Soon transferring to the USA for a couple of years.
>
>All the best and if it gets too tough you can always
>go to Australia - but make it quick before immigration
>is completely stopped.
>
>This months hot tip: Put Options on Drug Stocks
>
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>
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