Forum Archive Index - August 2000

["nick" <acummin@es.co.nz>]

       When i suggested Wrightsons were about to take off, around a month

ago many here seemed to think the company didnt have much to offer, well

the shareprice is now just over 60C and has been up to nearly 70c.

         The pullback on profit taking this week looks an ideal time to wade

in for some more shares.  The company reports on 29 aug and the shareprice

is sure to go up before the announcement.

    Buying now should prove profitable on a short term basis, the price i

suggest will at somepoint this week make it to 70c which would be a reasonable

profit for a weeks work. Those in for the longer term should also fare well as

the upturn in the rural economy looks set to continue.

      Unless the result is really good there will probably be a pullback on announcement,

however the price should remain bouyant for a year or two yet.

             

           nick