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| From: | "Allan Potts" <ajp7079@excite.com> |
| Date: | Sat, 15 Mar 2003 22:11:35 -0500 (EST) |
Dear Macdunk:
I've always been impressed by the command of the English language by people
from Great Britain, New Zealand and Australia; in most cases.
Macdunk??? You want someone to forecast where the markets will be in the
future. I'm going to stick my neck out and say that they will be DOWN six
months from now, (from where they are today). Now you can give me some heat on
that forecast, but I would suggest that you wait until Sept. 16, 2003.
Allan
--- On Sat 03/15, Duncan MacGregor d-m_macgregor@xtra.co.nz wrote:
From: Duncan MacGregor [mailto: d-m_macgregor@xtra.co.nz]
To: sharechat@sharechat.co.nz
Date: Sun, 16 Mar 2003 12:35:04 +1200 (New Zealand Standard Time)
Subject: [sharechat] TIME TO INVEST BY MACDUNK
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<DIV>We live in a time of great opportunity, the market is at rock bottom
or almost there. My portfolio is down a bit but not nearly as
bad as the market. Macdunk is buying into essential services POA.
AIA. POT. and waiting on PWC to hit rock bottom, to buy into
that. We investors need bad times in order to have great times.
the big trick is minimizing the losses when the panic sets,
in or other words hold your position until your lot climb back to
square one. The threat of war is on, people are holding back, the
time is now in my opinion to invest. The dollar is to high, which is
killing farm related investments we also have the threat of an oil crisis
which it would be foolish to ignore. The companies I am interested
in are longer term investments I really don't see the quick buck in
anything, the market is dead. Its funny how MR MARKET
gets depressed, then will suddenly turn round and run in the opposite
direction so this time I am going to get in stick my money where my mouth
is. the war only panics the people that wont take
advantage anyway. My way of thinking is invest into good solid
companies, don't clutch at straws and the time is now to invest. I really
don't think it matters what sort of investing system a person has in
times
like this, It all boils down to selecting the safe investments and
holding on. I expect the market to soar after the first shots
are fired ( any day now), and the moment its over to go into bull
mode. To all the financiers and advisors that have told us to invest in
lots of companies overseas and everywhere and spread the risk I thought
you were idiots then, and convinced of it now. That is my opinion and I
am
big enough to withstand a bit of flak so dont hold back. We still
dont have people giving real opinions of tomorrows markets, which
disappoints me, thats what its all about in my book, we after all devise
our own buying and selling systems, but in the end its tomorrow that
counts.<BR>
CHEERS MACDUNK. </DIV>
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