Forum Archive Index - March 2001

["Peter Maiden" <pmaiden@xtra.co.nz>]

Gerry - I take it you still have some interest in these. Going well,aren't they - good stock selection.

 

I was going to wait until CLH went through the $A4.00 mark before making any comment.

 

However continued strong upward trend makes this inevitable so no worries.

 

Pity I can't put the graph in this post - would make holders of other debt collection shares envious.

 

The upward trend is slowing a bit - it had too. Doubling in price from $A1.76 to $A3.62 in 11 weeks ( 24/11 to 2/2) couldn't continue -could it. Of importance on the graph is the number of levels it has found solid support on the way up - a positive sign.

 

I'll stand by what I said in earlier posts - $A4.50 mid year - that's still a 15% increase over 3 months. A few little dips on the way up but the upward trend will continue.

 

Difficult and uncertain times in Australia at the moment but outfits like Collection House could benefit from such trying conditions.

 

Cheers

 

Peter