Forum Archive Index - April 2003

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

Now all the gold talk has died down, it is time to turn our attention to 
where the real money is to be made.  This is, of course, investing in 
steel ;-).

Well, the good news is that I sold out of BHP Steel (BSL) on 27th 
March at $A3.18.  Not a peak price (the share has since gone higher), 
but a price I am very happy with.   I stuck in there past the ex dividend 
date to get the dividend too.   I am now looking at putting this money 
into another Ozzie high yielding share, but one where the dividend is 
less under threat.   

Naturally being a 'steel bug', I am having a look at 'Onesteel'.    Any 
chance of one of our resident charting experts giving us a picture of 
where they think OST is going?

Of course I don't want to fall in love with OST.  I would like to 
benchmark it against other possible high yielding Australian share 
purchases.  Any other suggestions from the forum?   I am particularly 
interested in those Australian companies that have profitable New 
Zealand arms, so I can take advantage of the coming trans tasman 
dual tax agreement.   You can leave out the Ozzie banks as I am 
already well represented in those.

SNOOPY


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