Forum Archive Index - February 2000

[Nick Kearney <nk@xtra.co.nz>]

Brett & Leeanne Phillips wrote:
> 
> Hi Nigel,
> 
> I must agree, I have been watching LKO for several weeks and also have been
> taking special note of their announcements and also comments made on Aussie
> Bullboards/Chat forums.
> 
> Firstly I understand the company is presently investigating the potential
> of a new oil find within their licensed area.(see announcement
> approx-9/02/2000)
> 
> Secondly they are close to confirming a deal which gives them sole "Aussie"
> rights to a revolutionary new energy product.(see announcement
> approx-7/02/2000)
> 
> And lastly their is also rumor that a major energy company(?) has been
> showing a
> lot interest in LKO recently.(www.stockhouse.com.au)
> 
> One or even two out of three would'nt be bad.
> 
> I have taken a look at the top 20 shareholder list while visiting their
> website and recognise some reasonably  major investors
> represented.(www.lakesoil.com.au)
> There has been good trading volumes in Aussie and apparently some brokers
> are suggesting that LKO will be trading in the 15-20 cent range in the
> short to medium term.  I hope they are correct as I am  trying to top up at
> just under 6 cents at present.
> 
> I feel sure this stock has potential, although this maybe missed by NZ
> investors / traders, (lets hope not,) I would hate to see the Aussies make a
> killing
> because we're to slow to catch on once again!
> 
> Watch out for further announcements soon, this share from my viewpoint has
> much more potental than FRO, even when your technology obsessed like myself.
> However if your looking for a great tech stock I can't see how you could go
> past dual listed CGB at present.( This company is going global.. and has
> real daring & attitude ... and only a small number of shareholders )
> 
> Technology stocks are still my preference. Tech developments are still in
> their infancy, those who believe the bubble is about to burst are just
> kidding themselves.(we're still year behind the US and Europe) We are now in
> a development transition which has never been witnessed before( the nearest
> comparison is the industrial revolution)and this technology driven
> transition will continue to evolve indefinitely. Look back 2-3 years, who
> would have believed you could buy and sell stocks(live) for instance..on the
> internet, while sitting on the beach, using your mobile phone.. and that's
> just the start. My small business has saved $100,000 in the past year by
> developing it's own costing and accounting system which cost a mere $20,000
> to design and programme (what an investment) and of course we can on sell
> also to re cope some of that cost!
> 
> I don't believe we can compare 'good' tech stocks to the property stocks
> that caused so much pain in the late 80's. Of course the secret is picking
> the good ones.! Good luck!
> 
> Cheers Bret
> 
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Brett

i agree with what you say.  People have been saying for about 15 months
that 'the tech bubble is going to burst'.  It hasn't and won't yet. 
Thing is, when it does all these dorks will stand up and say I told you
so!!

Also, the ticker may be LKO but what is the stock?

Could you fine people try to mention what the stock is instead of just
the ticker.  I don't know half of them!!

Thanks

NK

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