Forum Archive Index - April 2001

[nickkearney@xtra.co.nz]

Peter

Believe not beleive ..oops.

> 
> From: "Peter Maiden" <pmaiden@xtra.co.nz>
> Date: Thu, 5 Apr 2001 06:38:18 +1200
> To: <sharechat@sharechat.co.nz>
> Subject: Re: Re: [sharechat] ADV
> 
> 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 
> 
>

About a year ago = when ADV got=20 down to $3.00 some share analyst said something like 'the ADV chart is = exactly=20 like the bloddy NASDAQ chart'

 

A year on exactly = the same. Have=20 a look at both. The stock quote link from stuff.co.nz to ABN Amro has = the=20 ability to compare the two.

 

As the blood letting = continues=20 and all the perceived profits and growth in a lot of these software and = tech=20 companies fails to come to fruition the NASDAQ will continue to slide. = To reach=20 'normal' PE ratios one gure said 800-900 is a fair figure.

 

OK if ADV continues = to mirror=20 the NASDAQ and that looks like it will be 1400 odd by the end of April = then ADV=20 will be down to 35-40 by the end of April.

 

Cheers

 

Peter