Forum Archive Index - December 2001

["Richard Hooper" <hoop@ihug.co.nz>]

Hi All

 

Seen it all happen over the years.....NZSE ..is a backwater SE always was always will be....BUT...it has its moments, when that time comes, everyone pops out of the woodwork, causing shortage of stock and large price swings...lots of money to be made...in times of gloom  a la present the grass is greener on the other side of the fence......Dont quote me as I can't find the figures but every 10years there seems to be bull period eg early70s ,eary 80s early 90s early 00s????.....I have heard this continuing story of NZSE losing quality stocks over the decades. but as history tells us, some come some go ...companys,small businesses,as well as investors.....oh hum....so whats new,all been done before..

..what interests me in the future is how to predict it.....darkest before dawn is my bet at the moment...and i am buying...

 

    PHAEDRUS  Please if it's possible    what does longterm NZSE40 index chart tell us Last 50+years or so..I can't find any figures before 1991. It might sound absured but it may give us investors a clue as to the cyclic nature of the nzse and the next bull run.

 

Cheers & thxs

Hoop

 

 

----- Original Message -----

From: "Dick O'Connor" <callme_nz@hotmail.com>

To: <sharechat@sharechat.co.nz>

Sent: Wednesday, December 12, 2001 3:41 PM

Subject: [sharechat] Quiet Times

> Gerry, By and large, what you have done on this site has been very 
> interesting - the first one, I think, to name shares and then follow 
their 
> fortunes on a regular basis and with success (pity the Sept 11 
business had 
> to happen). I'm sure most of us would wish you 
well.
> 
> I find it hard, however, to feel too gloomy about the 
NZSE. This site alone 
> shows that more and more are waking up to the 
harm that has been done by 
> making it too easy for overseas' companies 
to come in and buy up a lot of 
> our companies. Brokers, of course, have 
always jumped in to get their share 
> of quick gain at the cost of 
long-term profit.Now, however, they're changing 
> their tune because they 
are going to own stock in the exchange. The Govt led 
> the charge selling 
assets that had been built up over 50 and 100 years and 
> more - a main 
reason billions of profits have flowed out of this country and 
> there is 
not enough now for needed health, education, and policing services.
> 
> At least there are now efforts being made to make sharemarket 
activities 
> less offensive. It can grow and get better.
> 
> 
There have always been ups and downs in the NZ market and there always will 
> be. Despite this there must be many of us who hold portfolios of good 
> companies we are happy to own. Just because prices have gone too high 
to 
> make attractive buying does not mean to say they will always be that 
way and 
> that we will never be able to find anything worth investing in 
here.
> 
> 
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