Forum Archive Index - June 2001
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Re: [sharechat] Shares - Round up
Yes Gerry MIG shares were recommended by a female {can't remember her name}
way back in October last year when they were 1.80c Bought them then
Thanks Share-chat
Gordon
>From: "G Stolwyk" <stolwyk@wave.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: "sharechat.co.nz" <sharechat@sharechat.co.nz>
>Subject: [sharechat] Shares - Round up
>Date: Sat, 16 Jun 2001 14:06:17 +1200
>
>1. International outlook.
>Reports indicate that Europe is also being affected by a slow down.
>The Dow and Nasdaq as well as European markets are moving downward.
>
>Any prospective strong growth will be curbed by the Oil Cartel in the
>future. It seems that they have a disciplined organisation.
>
>These items will make it difficult to make gains by the Long Term Investor,
>just now. It is a good move to keep up cash reserves.
>
>Stock pickers may have a better time than Index Investors at this time.
>
>2. NZ shares.
>Four stocks from the " Work. at the Coal Face , inv results (6) " of May
>20, are finally moving upwards : AIA from $ 3.60 to $ 3.80, SKC from $
>10.10 to $ 10.55 and still rising! , WAM from $ 3.80 to $ 3.90 and AFF from
>31 to 36 cents.
>
>Some are small rises but the market is a difficult one!
>
>3. Australian shares.
>A mixed bag! Once the tax-loss sellers disappear, we may see a rise
>perhaps. Normally, things start to settle down after June 20.
>I did recommend MIG at the beginning of May, the price was then $ 2.67; it
>is now $ 2.90 and there remains a good demand.
>
>I hold this stock because this Infrastructure Group always seems to get in
>early with their hand picked projects. This enables them to increase the
>value of the projects in hand, considerably over time!
>
>They have the intelligence, know-how and connections!
>
>Their Midland project is worth billions of dollars while the German
>projects are not to be sneezed at, either!
>
>Their web site: < www.macquarie.com.au/mig/mighome.htm >
>
>It is very well run by the Macquarie Bank! The investor gets an exposure to
>various currencies and this is a positive as well!
>
>Their investment in Australian key roads is a superb one!
>
>I recommend this stock to the long term investor!
>
>--------------------------------------------------------------------------------
>
>Disclaimer: Readers are not asked to buy, hold or sell shares. to do so
>will be entirely at their own risk.
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