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From: | "G Stolwyk" <stolwyk@wave.co.nz> |
Date: | Sun, 17 Jun 2001 12:56:37 +1200 |
Mike,
Sorry, I can't help you here. I am a long term
holder but have always been a stock
picker.
I would compare Australian- and some other stocks
to derive at a choice.
Normally, one would say that power companies would
be a reasonable bet: Everyone uses power! Unfortunately, Max changed the
structure completely!
I am very stock
specific in my choice but rate MIG
highly!:
Look for yesterday's post: " Shares-roundup ".
Click on the given web site, click on News, click on
Presentation, 2001, ( Right side of page
).
It is a PDF file. You can
read it on site or save it!
One of the best simplified presentations, I have come
across!
The NZ market reminds me of a pond: There are
a lot of fish ( investors) in it. Unfortunately, it has leaks ( Consequence
of takeovers by foreigners ). And so, the fish keep swimming in an ever
decreasing amount of water.
The water is also getting warmer as the cooling
effect is now less.( exposure to a low NZ currency ).
And so it goes on till little water is left. The
pond now stops leaking ( Foreigners can't see any good takeover prospects
any more). The fish are blocking the holes.
They now have a lot less oxygen to live on. (
A poor economy ).
It so happens that there is a
second pond situated close to the first one: This is a
big one ( Bigger market with better prospects
).
While the first pool was relatively full, some fish
noticed that it was leaking and at high speed managed to jump into the
second one. This one is also leaking but at a much slower rate!
The fish in the second pool see other pools very
close buy and jump into them, to and fro.( Other markets ).
Some of these have high temperatures ( Bad
economies ). But these fish select those pools which suit them.
Are you
one of these
selective fish?
Gerry
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