Forum Archive Index - December 2001

["Dick O'Connor" <callme_nz@hotmail.com>]

Gerry, By and large, what you have done on this site has been very 
interesting - the first one, I think, to name shares and then follow their 
fortunes on a regular basis and with success (pity the Sept 11 business had 
to happen). I'm sure most of us would wish you well.

I find it hard, however, to feel too gloomy about the NZSE. This site alone 
shows that more and more are waking up to the harm that has been done by 
making it too easy for overseas' companies to come in and buy up a lot of 
our companies. Brokers, of course, have always jumped in to get their share 
of quick gain at the cost of long-term profit.Now, however, they're changing 
their tune because they are going to own stock in the exchange. The Govt led 
the charge selling assets that had been built up over 50 and 100 years and 
more - a main reason billions of profits have flowed out of this country and 
there is not enough now for needed health, education, and policing services.

At least there are now efforts being made to make sharemarket activities 
less offensive. It can grow and get better.

There have always been ups and downs in the NZ market and there always will 
be. Despite this there must be many of us who hold portfolios of good 
companies we are happy to own. Just because prices have gone too high to 
make attractive buying does not mean to say they will always be that way and 
that we will never be able to find anything worth investing in here.

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp.


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/