Hi Sundance--opinions ANZ00banks as you know not really the sector -- ERG smartcard stuff2

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Subject: Hi Sundance--opinions ANZ00banks as you know not really the sector

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to be in--as a momentum player I don't think Gekko

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Date Posted: 21:58:30 02/06/03 Thu

You would I think--and Ive seen you do this before look for time when they appeared oversold--while fundamentals are still there--with a time view past high oil prices and all of that sort of stuff--I see banks still doing quite well--ofcourse your talking more in the extreme sense.
I would see the things you have posted as being quite immaterial to ANZ--it is an exposure that is easily affordable for it--just a drop in the bucket--on sentiment (haven't looked at the share price lately) may be negative for it---but that would be as stated (without wishing to speak on your behalf you may share this belief) more sentiment based--not for actual fundamentals.
Regards,--Sundance.
ggecko1 (ID#: 413570) is ANZ in the poo? 7/2/03 12:23:30 PM 6011833
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with at least $100m lost to El Paso power company and with ATO pursuing it for $300m on behalf of mums and dads and newbies we must ask:
does ANZ have enough cash to pay these losses?

opinions please?

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Replies:

Subject	Author	Date
Gekko. (NT)	Thankyou for your help on ERG and other stocks--Sundance	22:07:07 02/06/03 Thu