Market Chaos

The markets are dropping like a stone. Witness Cisco’s chart. I heard on the radio this morning that the Dow was fluctuating by 1000 points. Now, when you consider that the Dow in the last few days dropped below 10,000, that’s more than a tenth of the market. I believe it’s going to get worse… Continue reading Market Chaos

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Good Times on the Stock Market

As a net purchaser of stock, I am feeling quite pleased at what happened yesterday on the markets. You see, every generation goes through the same cycle. They think the market is finally going up forever, and after it doesn’t, they loose faith completely. This generation is about to loose all faith in the markets,… Continue reading Good Times on the Stock Market

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Stock Markets

The stock market is back up. Durn it, I was hoping for some more bargains. Ever wondered though, why the market jumps up or down at the opening, and why so much money changes hands in the first few minutes? Well, the hour before the market actually begins trading, the market is in what is… Continue reading Stock Markets

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Stock Market Down

Just setup a watchlist to keep an eye on some key stocks. Everything is down by double digits – Telecom has lost 18c, NZX (the company) has lost 40. Not a bad morning to buy, but you’d have to be brave.

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Bruce Sheppard on Finance Companies

Bruce Sheppard is the Chairman of the Investor’s Association – they’re the guys who represent small shareholders in this country. But that doesn’t stop him telling it straight. On every measure that is significantly less than our own problem with subprime debt. New Zealand’s position is four times worse than the American situation which has… Continue reading Bruce Sheppard on Finance Companies

Burger Fuel

Looks like the latest kid on the NZAX block is not very liquid – the first trade drove the price down by 20%! I’m picking that the 35,000 sitting at the original listing price on the market will keep that stock from giving a return for some time. The Dominion Post has a good article… Continue reading Burger Fuel

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Burger Fuel IPO not met – Really, how very surprising!

Not. You’d have to be thick to have bought shares in the Burger Fuel IPO. Let’s see… Massive, and very expensive advertising. I mean, who advertises an IPO on TV? The Herald estimates this cost $600,000. The best companies don’t need advertising at all – people fight over themselves to buy shares. The company was… Continue reading Burger Fuel IPO not met – Really, how very surprising!