Forum Archive Index - September 2000

["Peter Maiden" <pmaiden@today.com.au>]

There is a very good article on RNS in this mornings Dominion - sadly it has 
not been posted on stuff.co.nz (will follow up). Those interested in ecommerce 
should read.

Beside the success story that RNS has been the real message is that success 
does not come overnight. Where RNS have got to with Conduit and their logistics 
and supply chain software and systems has taken a few years. To a certain 
extent RNS have had to wait for the world to catch up with them so the real 
value can be extracted from the developments.

While one can trade short term in the likes of RNS, ITC, SMH, ADV etc and try 
to pick the short term rises and capitalise on those there are tremendous gains 
to be made in being patience and waiting for all the effort these companies put 
in to be realised

If punters are convinced that the likes of these companies have something real 
that can turn into gold - be patient. Don't worry if ITC falls by 2-3 cents 
this month or that SMH didn't rise yesterday when CommSoft was floated. Live by 
your convictions and wait for the gold.

When that happens you then have the decision as to what to do - stay in 
(assessed as a more mature and stable company)  or find some other investment 
that could turn to gold.

Hold not enough RNS and probably try to accumulate more, some ITC in the bottom 
draw.

Good investing today

Peter



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