Forum Archive Index - September 2001

["Kevin Young" <youngk@zfree.co.nz>]

With the recent events over the past week has this created an opportunity to 
acquire
NZ stock for considerable capital gain. There is a saying "buy when investors 
are
selling and sell when investors are buying".

Take Fletcher Forrest for example. They were trading around 30c last week. They 
are
currently trading at 20c. If one was to acquire FFS at 20c hold for 6 months to 
a
year until market conditions stabilise then hopefully one could sell FFS at 30c 
for
a 50% gain. There must be other stock such as GEN, GPG, RBC etc.

So if one had say $400k to invest in a NZ stock for up to 1 year hoping to make 
a
50% capital gain what one stock would you invest in. I like one hit 
wonders/losers.


Is this an great opportunity or is my thinking flawed.


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