Forum Archive Index - December 2003

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

Often you can learn more from your mistakes than what you get right.
It is the one that got away that teaches you the best lesson, rather than 
the one you hauled onto the riverbank.

With this in mind, and with only one more full week's trading to go until 
the end of the year,  I thought I would look through the sharechatters 
picks for Stockguru 2003 and pick out the ten worst performing 
companies.    Perhaps we can all learn some 'fishing lessons'  from 
these selections?

1/ GDC Communications -78%:    A remora riding along on a much 
larger telecommunications fish.    If the shark starts to shake his head, 
the remora is always going to be in trouble.

2/ NGL (Newcall) -56%:   A telecommunications minnow in a hostile 
ocean.  Nuff said.

3/ SLL (Sky Ciy Leisure) -46%:  The sparkle of the sunlight on the 
expanse of water delivers more show than substance.   Be careful what 
you see when you cast your eye in the water.    Sometimes the fish  
looks bigger than it really is (thinking of the dilutionary effect on SLL of 
the SLL convertible notes here).

4/ BGR (Briscoe Group)  -38%:  A puffer fish at the start of the year, 
which had slimmed down to a more normal size, and through the mesh 
in the net, by year's end.

5/ MCH (Mr Chips): -27%:

6/ RHD (Richmond):  -27%

(I don't follow those two closely.    Can someone who knows write the 
fishy story on those two please?)

7/ WHS (Warehouse) -25%:   There were three waterways to fish in.   
The red sea,  the blue sea and the yellow sea.    The yellow sea was 
full of sulphur.  It still stinks!

8/ RBD (Restaurant Brands) -24% :   The fishing trend is improving.   
December's fish is only 5% smaller than November's fish.  But 
November's fish was a huge 7% smaller than October's fish!   A master 
at telling fish stories!

9/ AIR (Air New Zealand) -19%:    It started the year gliding high, but 
as the year  carried on the competition got stronger for the flying fish.

10/  MHI (Michael Hill International) -18%:   Slower sales for silver 
scales.

Anyone else got any fishing tales they would like to add?

SNOOPY








 --
Message sent by Snoopy 
on Pegasus Mail version 4.02
----------------------------------
"You can tell me I'm wrong twice, 
but that still only makes me wrong once."


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/