Forum Archive Index - June 2002

[nickk@quicksilver.net.nz]

Guys

Heartily agree........that is why I am 'picking' myself into Gold and
defensive stocks for a while.

Cheers

Nk

Christian Mair writes:

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




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