Forum Archive Index - June 2002

[nickk@quicksilver.net.nz]

Thank you Lippy et al

I sold all but one - a Gold stock.

Europe is chaos overnight. 

I am all but cashed up now waiting for the dust to settle.  I even changed
my superannuation savings portfolio from international shares to nz fixed
interest.  Snoopy said on Monday that the DOW had topped two years ago. 
Maybe it had.  If it takes 2 years to get to this who knows where it will
be in two more years!  For the uninformed, check out the details concerning
worldcom.  Appalling.  How can the 2nd biggest US phone company (for
overseas calls)owe 20 billion and have no cash?  You gotta wonder when it
says it has 'invented' expenses to the tune of 4 billion.  Check it out
guys and gals.  It is unfolding before our very eyes.

Nk

lippy writes:

>          Well on sunday Nick Kearney came in for critisism for saying he was 
>selling all shares on monday. Its only wednesday and the move already looks 
>like being a smart one. Tonight is being tipped as the night when wall street 
>starts really going pear shaped as if its not already in a bad way.
>    The NZ market which has been moving in splendid isolation has suddenly 
>woken up to the fact its connected to the rest of the world and money is 
>departing the ,market, good time to be cashed up to enjoy the show.
> 
>  Nick




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