Forum Archive Index - April 2001

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Re: Re: [sharechat] ADV

From:	"Peter Maiden" <pmaiden@xtra.co.nz>
Date:	Thu, 5 Apr 2001 06:38:18 +1200

About a year ago when ADV got down to $3.00 some share analyst said something like 'the ADV chart is exactly like the bloddy NASDAQ chart'

A year on exactly the same. Have a look at both. The stock quote link from stuff.co.nz to ABN Amro has the ability to compare the two.

As the blood letting continues and all the perceived profits and growth in a lot of these software and tech companies fails to come to fruition the NASDAQ will continue to slide. To reach 'normal' PE ratios one gure said 800-900 is a fair figure.

OK if ADV continues to mirror the NASDAQ and that looks like it will be 1400 odd by the end of April then ADV will be down to 35-40 by the end of April.

Cheers

Peter

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