Forum Archive Index - June 2002

["Christian Mair" <product@adidas-ep.co.nz>]

Well said Ben,

There are always stocks to buy in a bearmarket. My portfolio shows an
annualised return of 148% mainly with US Homebuilders. Some say I was lucky
but I saw ridiculous low valuations of highly profitable businesses.

Stock "picking" is very important for an investor in times like these. It
also helps to revisit the stocks on a regular basis.

Regards,
Christian


-----Original Message-----
From: sharechat-owner@sharechat.co.nz
[mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Ben Dutton
Sent: Monday, 24 June 2002 2:58 p.m.
To: sharechat@sharechat.co.nz
Subject: Re: Re: [sharechat] DOW V NIKKEI


I think we are confusing the "market" with individual stock performances,
which is what really matters (if you want to make money and don't invest in
index funds ;-).

Go to Google, type in "stealth bull market" and see what comes up.  Because
that's what we have been experiencing over the past year odd.  The fact is
that plenty of people are making a killing in stocks - and will continue to
do so.  While the IBM's, the Cisco's and the Nokia's continue to fall,
pulling down the indices and grabbing all the media coverage there are
bargains to be had and trends to follow within the market (look at gold
stocks for a stealthy bull market).

Start yer reading here:

http://216.239.33.100/search?q=cache:g6U13Rq3rzAC:biz.yahoo.com/rb/020501/bi
zfeature_stocks_2.html+stealth+bull+market&hl=en&ie=UTF-8

Best Regards

Ben Dutton




----- Original Message -----
From: <nickk@quicksilver.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, June 24, 2002 12:24 PM
Subject: Re: Re: [sharechat] DOW V NIKKEI


>
> Thank you nick.
>
> I wasn't going to bother.  I have beaten this drum enough.  Although I
> would have thought selling in the face of world uncertainty is very
> discipined.  Never mind - Snoopy and I will have to agree to disagree.
>
> Cheers
>
> Nk
>
> nick writes:
>
> >     I will have to stick up for Nick kearney here
> >
> >    Snoopy wrote---a  declining US sharemarket is not news.  The DOW and
NASDAQ has been
> > fairly toppy for a couple of years now.  So 'suddenly realizing this'
> > to the extent that you must sell everything on Monday is, I believe,
> > an expression of extreme jitteriness.  If you are an investor you t
totally silly
> > need to be disciplined.  Nick's post shows no sign of discipline.
> >
> >        One could also argue that the NZ market is now looking very
toppy, making today a good time to sell.  Sure the US market has been doing
poorly for sometime but many felt it was going to start heading upwards
after april. That hasnt happened and there now appears a real danger of
sharp declines.
> >       The australian market until recently was doing well too just like
NZ . Yet now that too has turned very bearish, hasnt fallen much yet but the
potential is there.  Our market has held out longer than the others but now
looks like the only way to go is down.
> >          So for Nick to sell all his holdings today  is not totally
silly, he will be getting out while the going is still good and he will have
funds to reinvest after a correction.
> >    You say that a correction of 10-20% is normal, well even if it is
normal why stick around for it? especially when commision costs of selling
and rebuying are only around 2%. Plus there is always a chance the
correction wont be "normal" in which case he would only be panicking once
the market had already fallen, better out now.
> >          You may argue there may be no correction and that he will miss
out on the NZ market surging up in the next few months, personally i think
there is more chance of hell freezing over
> >
> > Nick  (ratkin, lippy et al)
> >
> >
>
>
>
>
> --------------------------------------------------------------------------
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