Forum Archive Index - April 2001

["Malcolm Cameron" <malharcameron@hotmail.com>]

Michael
read the article cafefully and the annual report if you have one or can get 
it of the web site most of this is brokers analysts not doing there job 
properly at my last look the share price has gone up this morning maybe 
broker was scareing clients untill they read full imformation
malcolm cameron


>From: "Michael Traill" <mjtjmt@xtra.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: [sharechat] Contact Negative News?
>Date: Wed, 11 Apr 2001 10:44:35 +1200
>
>Funny old thing these markets.
>S&P  downgrade a couple weeks ago brought a swift reaction to the share 
>price and it fell quickly on this,then recover as investors had time to 
>digest the impact.
>
>Today's headline
>Contact Energy's forecast earnings for the 2001 year have been cut by 
>analysts by "tens of millions of dollars"
>What do investors think  about this ? Well the price today has had a run as 
>one would expect but today's run ,at present ,is up. I'm not entirely 
>unhappy as I sold today.
>I am however slightly confused as the impact of news,logic and share prices 
>.Then again my logic may need a tune up.

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