Forum Archive Index - July 2002

["Steven Tong" <soarer2@xtra.co.nz>]

Gave some back to the market today, looks like gold may track down to around
the $ 300 mark. I will then buy more.

Now that the June quarter is over the press in the US is assuring us of a
magnificent recovery. ( they have been for while now )


These PE ratios stood at the end of May:               DELL
58.7

INTC                        105.5

MSFT                        46.2


NASDAQ  100          57.7


These three stocks constitute 39% of the NASDAQ 100. Does anybody else think
these levels are unsustainable ??



Gold - Long
Dow - Short

























----- Original Message -----
From: <nickk@quicksilver.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, July 01, 2002 12:02 PM
Subject: Re: [sharechat] Nick K vindicated already for his sell decision


>
> Snoopy
>
> Thank you to you too!
>
> I haven't signed the papers yet.  Time to rethink methinks!
>
> Nk
>
> tennyson@caverock.net.nz writes:
>
> >
> > >
> > >
> > >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.
> > >
> > >
> >
> > 'Chaos' in Europe equates to a 7.36% gain since on my conservatively
> > structured income portfolio in the 'Stock Guru Competition', here in
> > NZ.  Sure it's been a rough week, but taking a medium term view makes
> > the overall effect seem far from bad.   And 7.36%, even if I make no
> > more gains for the rest of the year,  would compare quite favourably
> > with what you can get at the bank Nick, I would think.
> >
> > >
> > >
> > >I even changed my superannuation savings portfolio
> > >from international shares to nz fixed interest.
> > >
> > >
> >
> >
> > I hope you realize what you have done Nick.  It is all very well
> > turning in your trading shares and sitting on cash.
> >
> > But putting your superannuation portfolio into 'nz fixed interest' is
> > in no way an equivalent thing to do.  An NZ fixed interest fund means
> > you are invested in 'bonds'.  Bonds are not a capital stable product.
> > Bonds will suffer a capital loss if the reserve Bank Governor
> > raises interest rates this week.   I am sorry that this warning has
> > come too late for you.  If it is any consolation I have made exactly
> > the same mistake myself in the past.  Bonds are something to invest
> > in when interest rates are falling, not when they are rising!
> >
> > SNOOPY
> >
> >
> >
> > ---------------------------------
> > Message sent by Snoopy
> > e-mail  tennyson@caverock.net.nz
> > on Pegasus Mail version 2.55
> > ----------------------------------
> > "Q: If you call a dog tail a leg, how many legs does a dog have?"
> > "A: Four.  Calling a tail a leg doesn't make it a leg."
> >
> >
>
> --------------------------------------------------------------------------
--
> > 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/