Forum Archive Index - January 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

After having a brief exchange on the focus investment group regarding 
exchange rates and saying they should be ignored, I can't help 
noticing that the cross rate with Australia is above 93c this 
morning.  In my observation the kiwi dollar often gets dragged up on 
the coat tails of the $A.  Perhaps this is happening again and this 
is why the $A is going higher too.

An explanation of this which made sense was the large amount of US 
capital flowing into Australia as a result of the takeover of a major 
Australian wine maker by a US company.  If true, this could be a once 
in 5 year opportunity to invest in Australia at a very favourable 
exchange rate for New Zealanders.   Perhaps it is an opportune time 
to ask the group members what their favourite Australian share is, 
and more importantly, why?

All contributions welcome ( even the gold brigade ;-) ).  The only 
restriction is that you can't hedge your bets.  You can only 
pick one share!  I'll put mine own favourite up once I can decide 
what it is!

SNOOPY



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Message sent by Snoopy 
e-mail  tennyson@caverock.net.nz
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"Stay on the upside of the downside, 
Anticipate the anticipation!"



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