Forum Archive Index - November 2001

["hugh webber" <hugh.webber@clear.net.nz>]

give it a rest mate, I'm happily making money using real analysis instead of 
reading chicken
entrails.
I've done Pure Maths 2 and Econometrics and Advanced Stats 3 amongst other stuff
and I can tell you the mumbo jumbo
passing itself off as "Technical Analysis" didn't even rate a mention. Nor does 
it with Warren
Buffett.
As I've now completed my
buying program for a while I guess I don't need to keep my head down so much.

Actually I'm rather amazed at the complete lack of any analysis of property 
companies.
Here we have companies in NZ with gross dividend yields of over 10% that are 
sustainable,
we have interest rates that have been monotonically declining for over a year - 
and interest
rates have a double effect on property companies (a) they decrease by far their 
largest cost
(b) they mean that people who invest in fixed interest securities that mature 
suddenly have
to find somewhere else to invest if they want to maintain their income.
I'm not going to disclose which ones I've invested in.
I was amused to see the Sunday Star Times a couple of weeks ago had a little 
commentary
in small black type that was rather hard to read under its funds section saying 
that Armstrong
Jones NZ Ppty Fund was outperforming all others and how it operated.
Tres drole - why not do it oneself, pick the best ones, avoid the management 
fees, entry fees,
exit fees and do even better.

I will say I didn't invest in TT - but I'm tempted to buy a small stake to see 
when or if they come
right.
No dividend but NTA something like 3 times their price. Even with a load of 
clowns in the
management
seat they should be able to sort themselves out eventually and bingo they 
should take off at that
point.
There, that's not ramping under whatever the new rules are as I don't own any.

I'll see you in passing as I run to the bank.

cheers,
Hugh 

----------
> From: Sam and Jerry <samjer@xtra.co.nz>
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] GPG Sell
> Date: Thursday, 15 November 2001 23:09
> 
> Please don't desist!
> 
> I've learned soooo much about the behaviour of the markets through your 
>charts and your analysis
of them!  And judging from the lack of abuse, lately,  toward technical 
analysis, and your ideas, I
suspect you've even won over the Fundies (fundamentalists).
> 
> The Other Jerry
> 
> 
> 
> 
> Phaedrus wrote:
> 
> >  GPG closed below its trendline today. Anyone using trendline breaks to 
>trade this stock would
have bought at 147 and sold at 157, giving a 6% profit in 7 weeks.
> >  I realise that these posts are becoming repetitive, and apologise for 
>that. I am closing out
trades on stocks that I have posted buy signals on. Still to go are THL AIA NPX 
SOE and WHS. At
that point I will desist, because if this amount of evidence does not convince 
doubters of the
worth of technical analysis and charts, then nothing will.
> >                      Phaedrus.
> >
> > _____________________________________________________________
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> 
> 
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