Forum Archive Index - January 2002

["winner69 ." <wwinner69@hotmail.com>]

Interesting things happened on Sharechat a year ago. On reflection chatters 
obviously had a good feel for what was going to happen. They weren't too far 
of the mark.

Maybe we should heed some of the recent comments made.

Some of the highlights from the first week of 2001 were-

Peter did a piece on rural stocks and suggested that WRI was possibly the 
best of them. (Good gains for those who took that advice)

There was a pretty long and indepth discussion on Nufarm. Including Narena's 
input (and subsequent responses)in saying the firm deals in "dirty" farm 
chemicals - as fast as US companies have been off loading them, NUF has been 
picking them up.  The thread was titled 'NUF to come right' and the general 
consensus was it was cheap. (So it turned out to be)

Hugh couldn't resist this from the Press Re Telecom "Stephen Walker, head of 
NZ equitiesat AMP Global, New Zealand's biggest fund manager
....'It could well be back up to $9.00 by the endof the year.'" and Hugh's 
comments about fund managers went something like this - Maybe its called 
whistling in the wind when you have put a large stake in on the basis of 
blindly following the index and diversification for diversification's sake 
which as Warren Buffet says is a technique for hiding your mistakes instead 
of concentrating on succeeding. (I enjoyed that one Hugh)

John was looking at some overseas unit trusts and wanted to know how long 
was long term and Marilyn came up with this quotation from the famous 
British economist John Meynard Keynes.
"In the long term we are all dead."

Nick was bemused at the popularity of FFS in the brokers tips for the year 
and said this  - Amusing to see fletcher forests figuring so prominently, 
barely a month ago nobody could even agree as to whether
taking up the option at 25c was a good idea , or throwing money
away. Now a month later nothing has changed except the forest price
is now around 30c  and suddenly its the flavour of the month. (Good point 
Nick and we all know what has happened since)

Hugh (again) and Jesse had contrary views on a record day of the Nasdaq 
after the Fed cut interest rates. (So whats changed - the Nasdaq is still 
around the 2000 mark and overvalued)

And only a hint of the benefits of charting...........



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