Forum Archive Index - June 2002

[nickk@quicksilver.net.nz]

I forgot to add cash to that..........need to be consistent!
> 
> Guys
> 
> Heartily agree........that is why I am 'picking' myself into Gold and
> defensive stocks for a while.
> 
> Cheers
> 
> Nk
> 
> Christian Mair writes:
> 
> > Well said Ben,
> > 
> > There are always stocks to buy in a bearmarket. My portfolio shows an
> > annualised return of 148% mainly with US Homebuilders. Some say I was lucky
> > but I saw ridiculous low valuations of highly profitable businesses.
> > 
> > Stock "picking" is very important for an investor in times like these. It
> > also helps to revisit the stocks on a regular basis.
> > 
> > Regards,
> > Christian
> > 
> > 
> > -----Original Message-----
> > From: sharechat-owner@sharechat.co.nz
> > [mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Ben Dutton
> > Sent: Monday, 24 June 2002 2:58 p.m.
> > To: sharechat@sharechat.co.nz
> > Subject: Re: Re: [sharechat] DOW V NIKKEI
> > 
> > 
> > I think we are confusing the "market" with individual stock performances,
> > which is what really matters (if you want to make money and don't invest in
> > index funds ;-).
> > 
> > Go to Google, type in "stealth bull market" and see what comes up.  Because
> > that's what we have been experiencing over the past year odd.  The fact is
> > that plenty of people are making a killing in stocks - and will continue to
> > do so.  While the IBM's, the Cisco's and the Nokia's continue to fall,
> > pulling down the indices and grabbing all the media coverage there are
> > bargains to be had and trends to follow within the market (look at gold
> > stocks for a stealthy bull market).
> > 
> > Start yer reading here:
> > 
> > http://216.239.33.100/search?q=cache:g6U13Rq3rzAC:biz.yahoo.com/rb/020501/bi
> > zfeature_stocks_2.html+stealth+bull+market&hl=en&ie=UTF-8
> > 
> > Best Regards
> > 
> > Ben Dutton
> > 
> > 
> > 
> > 
> > ----- Original Message -----
> > From: <nickk@quicksilver.net.nz>
> > To: <sharechat@sharechat.co.nz>
> > Sent: Monday, June 24, 2002 12:24 PM
> > Subject: Re: Re: [sharechat] DOW V NIKKEI
> > 
> > 
> > >
> > > Thank you nick.
> > >
> > > I wasn't going to bother.  I have beaten this drum enough.  Although I
> > > would have thought selling in the face of world uncertainty is very
> > > discipined.  Never mind - Snoopy and I will have to agree to disagree.
> > >
> > > Cheers
> > >
> > > Nk
> > >
> > > nick writes:
> > >
> > > >     I will have to stick up for Nick kearney here
> > > >
> > > >    Snoopy wrote---a  declining US sharemarket is not news.  The DOW and
> > NASDAQ has been
> > > > fairly toppy for a couple of years now.  So 'suddenly realizing this'
> > > > to the extent that you must sell everything on Monday is, I believe,
> > > > an expression of extreme jitteriness.  If you are an investor you t
> > totally silly
> > > > need to be disciplined.  Nick's post shows no sign of discipline.
> > > >
> > > >        One could also argue that the NZ market is now looking very
> > toppy, making today a good time to sell.  Sure the US market has been doing
> > poorly for sometime but many felt it was going to start heading upwards
> > after april. That hasnt happened and there now appears a real danger of
> > sharp declines.
> > > >       The australian market until recently was doing well too just like
> > NZ . Yet now that too has turned very bearish, hasnt fallen much yet but the
> > potential is there.  Our market has held out longer than the others but now
> > looks like the only way to go is down.
> > > >          So for Nick to sell all his holdings today  is not totally
> > silly, he will be getting out while the going is still good and he will have
> > funds to reinvest after a correction.
> > > >    You say that a correction of 10-20% is normal, well even if it is
> > normal why stick around for it? especially when commision costs of selling
> > and rebuying are only around 2%. Plus there is always a chance the
> > correction wont be "normal" in which case he would only be panicking once
> > the market had already fallen, better out now.
> > > >          You may argue there may be no correction and that he will miss
> > out on the NZ market surging up in the next few months, personally i think
> > there is more chance of hell freezing over
> > > >
> > > > Nick  (ratkin, lippy et al)
> > > >
> > > >
> > >
> > >
> > >
> > >
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> 
> 
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