Forum Archive Index - August 2000

["Peter Maiden" <pmaiden@today.com.au>]

Sunday's little exercise at picking one share for three years growth was 
interesting for the outcome - that garbage collectors WAM, debt collectors RMG 
and BCH and discounters WHS seemed to be the most popular choice.

As chatters may have noticed I keep on expounding WHS - based on the assurred 
growth that will come through because as Mike put it the other morning - the 
country is in the "crap". Maybe CEN is not a good buy either if a lot of common 
peopele revert to candles.

Sunday's exercise seem to confirm that a lot of us intelligent people out there 
are thinking alike.

However do not despair - us capitalists (even though some of us are socialists 
at heart) should be rewarded well if we stick to our guns.

Even though the above need a poor economy to thrive don't forget that they need 
technology to do the amount of business that is piling up for them in the 
future. Technology companies will still be winners - eg Terrabyte ( a ITC 
investment) has recently won some WHS work etc.

And no matter waht the state of the economy I'm sure that internet use will 
continue to grow - both for business and entertainment.

And Mike - even the poor will need to go to a PlaceMakers store to get things 
to fix up the home (the Warehouse doesn't stock timber and wallboard - yet)

And don't forget our rural brothers who are having a really good time at the 
townies expense - WRI etc

Don't lose hope if interest rates do go up tomorrow - there are still plenty of 
opportunities (even on the NZSE) to make money - and give the odd penny to the 
poor sometime.

Good luck all - keep at it

Peter 


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