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International Investing / Australia (All-Ordinaries)


Subject:  Re: HWE if anyones interested. Date:  2/23/2002  5:36 PM
Author:  harmy Number:  3619 of 6186


I dont think I will ever be able to understand the way the market reacts to news, good or bad news is all in the perception ---

It's mystifying isn't it ?? I've never been able to figure out why this happens.

I must agree with you Barcoo-----
way too dear at the moment.
generally I am finding that at the moment good solid companies with
reliable earnings and profits are overpriced imho.
anyone else finding this?

I'm sure there's a flaw in that line of thinking !! I seem to remember reading (I think it might have been Weinstein) that it is what the market thinks that is important - not what you personally think should happen to a stock. If the market perceives that good solid companies are the place to put it's money then don't go against the trend. I guess in the end it all comes down to fundamentals. There are still companies in the US trading with p/e's of 200 or more. It's madness !!

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