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| From: | "nick" <helmett@xtra.co.nz> |
| Date: | Fri, 22 Feb 2002 15:22:34 +1300 |
The fact that nearly all the posts of today are concerned with this
topic
reinforces my view of the lack of value available at present.
The Dow and nasdaq plus maybe europe look about ready to seriously decline
to sept 11 levels. The big volatility on the Dow this week looks ominous.
Im now 80% cash with 15% GPG and 5% Transrail (today). As i have no
intention
of selling these this year the forthcoming correction on world markets
should be a good
opportunity to pick up some good stocks at realistic prices.
Another interesting thought is that Trans tasman properties is now the
latest
target of the speculators. Makes a pleasant change from ITC and a rather
ironic one
Nick
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