Forum Archive Index - February 2002

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

Congratulations Des - but its all fundamental analysis you wrote, not 
"technical" analysis. In
basic English it would be described as technical but the term has been 
unlawfully seized by chicken
entrail chart crystal ball readers with a line of mumbo jumbo.

I see they're now starting to probe Enron's partnerships where it hid huge debt 
off-balance sheet
by inducing some well known financial and broking institutions that should have 
known better in as
minor partners. Thank God our local ones are too small to be involved in that 
sort of game and now
they've had a wake-up call. Although as Nick Leeson, the man who brought down 
Barings Bank is
pointing out, companies and institutions and the accounting profession still 
haven't woken up and
are in fact really slack - witness Allied Irish Bank and Enron.
If the partnerships are the old Brit Commonwealth type then the minor partners 
will be in with
unlimited liability to cover Enron which would see some sad scenes.

Oh, and congratulations to the gold buffs - gold still charging away this 
morning...
Remember Poseidon - $A100, $A120.....pouff! and she was gone....

cheers,
Hugh



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