Forum Archive Index - April 2002

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

the bad news is going to be around for a  while yet, the US market is toast
if anybody thinks there is going to be a strong recovery take a look at
Cisco still trading on a multiple of 81 with the E in PE still falling,
logicallly there is only one direction for this stock unless a major
earnings upswing appears and that is unlikely in the short term.   bad debts
must be accumulating from the dot com fallout and with " blue chip "
companies such as AT&T reporting record losses there will be no capex
spending increases while companies struggle for survival.  When there was a
energy shortage during the last US spring  / summer alternative energy
stocks went through the roof and were pushed to crazy values for a short
time, gold in the short term will probably do the same, even more so if the
middle east explodes or there is another terrorist attack. Would be very
surprised if gold does not move higher in the short term, the market is not
driven by fundamentals
but greed and fear otherwise the NASDAQ    would not have got to 5000 and
companies such as Juniper Networks would not have traded on a multiple of
over 2000.

Gold -  long and strong


----- Original Message -----
From: "ryanrite" <ryanrite@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, April 26, 2002 4:57 PM
Subject: Re: [sharechat] Gold Chart


> I picked up some Triako Resources (aus) (TKR) for 1.37 Take a look at the
> chart
> Gold has some way to go why there is bad news out there?
> Athol
> Are other people out there taking positions?
> ----- Original Message -----
> From: "Steven Tong" <soarer2@xtra.co.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Friday, April 26, 2002 1:02 PM
> Subject: Re: [sharechat] Gold Chart
>
>
> > $ 350.00 by year end, I like LHG as a gold play ( subject to any
political
> > probs in PNG ).
> >
> >
> >
> > ----- Original Message -----
> > From: "Derek" <dkw@paradise.net.nz>
> > To: <sharechat@sharechat.co.nz>
> > Sent: Friday, April 26, 2002 12:44 PM
> > Subject: [sharechat] Gold Chart
> >
> >
> > >
> > > The attached chart tells a story, any ideas how far gold will go ?
> > >
> > > Regards,
> > > Derek
> > >
> >
> >
>
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