Forum Archive Index - February 2002

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

If you take today's fall plus the last trading day.
Shades of a conspiracy or just supply and demand?
I prefer the rational explanation of supply and demand, although
I did note there had been a fall in Australian production. Maybe
it will reverse with present high prices.

Now, lets see. If you take Telecoms latest half year dividend and
annualise it and capitalise it at the same ratio as the property shares
that gives a price of $3 a share. And its growing at 4%, about the same
as the hated property shares.....

And if the NASDAQ falls about 700 points it will have about the same 
overblown low yield ratio as the Dow. Unless of course you may have to adjust
that again for lies told by chartered accountants in their reporting....

Happy Days    ;-)



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