Forum Archive Index - December 1999

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

>
> Could anybody advise me as to whether I should invest in the following
> tech stocks  Advantage Group (ADV), E-Phone Group (EPH), Genesis
> Research & Development (GRD), IT Capital (ITC), Newcall Group (NGL),
> Pure NZ (PUR), Renaissance Corp (RNS), Scott Technology (SCT) and
> Strathmore Group (SMR).
> 
> I know they have gone very well lately is it to late to get in. Have I
> missed the boat !?
>
As a long term investor you shouldn't be following 'fads'.   But the 
old saying is time in the market is more important than timing the 
market
>
> I am a long term investor not a spec investor so
> would be looking long term.
>
That technology sector sure looks like a speculative bunch.   I 
wouldn't like to say for sure where they will be in 2 years time.
>
> What do you think long term prospects are.
> 
Only one of these has an earnings track record of any substance and 
that is SCT.   They are diversifying into Europe while sticking to 
their core business of making whiteware manufacturing lines.   They 
seem to have stable 'happy' staff and are concentrating on maximising 
value from their existing customers by opening a small projects 
division to tackle work that up to now they have not been willing to 
tender on.

Scott's aren't cheap (although relative to all the othersTechs  maybe 
they are!) so if buying in I would wait for a period of weakness to
try to pick up stock at around $2.50 or so.

The rest of that technology index look like jokes, with share prices 
based around speculation of future deals.   I think I'd be waiting 
for some sort of NASDAQ crash to bring reality to the sector before 
buying in.  All views JMHO of course. SNOOPY
---------------------------------
Message sent by Snoopy 
e-mail  tennyson@caverock.net.nz
on Pegasus Mail version 2.55
----------------------------------
"You can tell me I'm wrong twice, 
but that still only makes me wrong once."

--------------------------------------------------------------------------
To remove yourself from this list, email sharechat-request@sharechat.co.nz
with "unsubscribe" in the body of the message, or use the unsubscription
form at http://www.sharechat.co.nz/forum.html.