Forum Archive Index - December 1999

[Andrew Cooper <ACOOPS@xtra.co.nz>]

You have missed the boat. Definitely try Paynter Timber.

> >
> > 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
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> ----------------------------------
> "You can tell me I'm wrong twice,
> but that still only makes me wrong once."
>
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