Forum Archive Index - May 2002

["lippy" <helmett@xtra.co.nz>]

     The world situation is a worry but thankfully largely passing NZ by.
Our friends across the tasman might not be quite so fortunate.
  Basically anything not boring and solid is , or about to be hammered.
Anything tech or bio tech anything not making real profits and anything that
fails to live up to expectations. That is why the nasdaq is being caned, all
blue sky stocks and those with "potential" are being thumped.
       Our market is full of boring stocks that are already priced as
boring. Even so the others are not faring so well, look at RMG and all the
other techs like cabletalk, gdc etc.
         The aussie market looks worrying, didnt rally as well as wall
street this week and is looking jittery. They have lots of bios and techs
which are generally being hammered, now the healthcare stocks are
underpressure too.  If weakness in the states continues it could well be
only the very solid stocks and the gold ones that perform.
       The rally at the start of may was expected, almost as a relief that
april was over. However those unemployment numbers from the states have
darkened the mood once again and could kill the rally in its tracks, such is
the fickle nature of sentiment.

     Nick




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