Forum Archive Index - October 2000

["hugh webber" <hugh.webber@clear.net.nz>]

Right on the nail Peter, I would hope that Sharechat remains a haven 
from Fund Managers and their rigid brainless formulas and a place for
people to turn their brains on and think for themselves.
Good to see that sound P/E's, gross dividends yields and NTA's defended
the NZSE today from what will probably become a selective meltdown on
the NASDAQ, at least I hope it will be selective rather than hysterical.
But coys
that still have P/E's of 150 and no forseeable prospect of profits let
alone
dividends - madness.
Interesting article in the Economist not too long ago on the 3G auction
insanity. $300 billion to be spent worldwide on buying the rights mostly
for a vague idea of cellphone/Internet convergence. Would you get a decent
screen and keyboard on your cellphone? would you use it?
I mean I'd pay a bit to get high speed WAP Internet access at home instead 
of the present pony express but not much and I'd want to be reassured I 
wasn't frying my brain into brain cancer a la heavy continuous use of
cellphones.

cheers,
Hugh


----------
> From: Peter Maiden <pmaiden@today.com.au>
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] FFS Shareholders - (& fund managers)
> Date: Thursday, 26 October 2000 13:49
> 
> Malcolm - I note the comments in your response. I did have a brief chat
with somebody who works for a fund manager yesterday. As there was an
internet connection (courtesy of Ericson) in the Quantas Lounge in Auckland
I gave him a quick tour of the Sharechat forum so he could get some
feedback as to how others see them.
> 
> Ben - he was most impressed with your response to Malcolm's note and
could not really argue against the points you raised. I did invite him to
respond through this forum - hopefully he will.
> 
> I still stand by my views and Ben I agree with a lot of what you said.
> 
> A quote from InvestorWeb (investorweb.com.au) commentator, Geoffrey
Transom, made today I couldn't resist -
> 
> "I told you yesterday that the 'spend lots of dough on ads, but not much
thought on stock selection' fund managers who love News Corp so, wouldn't
let it fall under $20 - although they waited until right at the close
before doing so. Today they won't have much of a choice in the early going,
but I've little doubt that by the close a little more pensioners' savings
will have been sent to the gates of Money Heaven, and will pass through
those gates the next time he US markets cracks."    --  so far today down
to near $19
> 
> The full commentary (very insightful) on yesterdays events in Oz and
overnight events in the USA is (you need to register but its free). 
> 
> http://www.investorweb.com.au/MB_story_details.asp?ItemNumber=7352
> 
> Pretty sorry picture coming up tonight by the looks of it on the Nasdaq,
especially if Cisco goes below $50. A spill over to NZ no doubt?
> 
> Cisco is a stock where American fund managers have large holdings. They
have continued to buy into this company without any consideration to what
the value of the company might be - in case they get out performed by other
funds etc.
> 
> Let's see what happens
> 
> Peter
> 
> --- Move to a better address ---
>        + today freemail +       
>     http://www.today.com.au     
> 
>
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