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You ask what is the next big boom will it be high tech or
what?. The answer can only be a guess, so lets see if I
can give you an educated one from my line of thought. The
future repeats itself from the past, so therefore to predict the
future we must read and understand the past. How many companies in the
past made it in high tech and made the shareholders rich, and how
many lost the lot. Some people might argue high tech is only a new thing,
but I would disagree with that. I would argue that the future
percentagewise success rate will be the same as the past. From
my perspective being more of a practical than high tech person, my
inclination is to stick to what I understand. We have a very easy market
in NZ to follow with one third good, one third bad, and the others in
between. If the dollar drops farming are the shares to be loading up
on WRI would soar. Power companies, the generating ones, anything might
happen if we have a drought. The upside of what might happen, is not worth
the downside of what could happen I remain on the sidelines there. If sars
gets worse AIA and SKC will both drop to much lower levels and be great
buys. Air lines we should all know better than that, which leaves
ports. POA and POT will continue on the rise with well managed and
well run companies. LPC however seem to be the old capitalist
fighting the rotten pommy union, reds under the bed and all that rubbish
where as all that is required is a few heads to be banged together. Retail
had a good run on the way down now might make a comeback later. Telecoms
and other similar companies my line of thought is to much competition in
that field for one company to make it big. When the next big boom
comes it might be the new gas discovery at kauhauroa 1 so get in behind
lazy haggis do your homework on this one.
discl hold AIA POA
POT
CHEERS
MACDUNK
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