Forum Archive Index - September 2003

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

Hi Stephen,
 
> 
>>On the minus side that portfolio looks a little skewed towards the
>>retail sector with MHI, WHS and WRI, even if WRI is really
>>'industrial retail' and in a slightly different category.  
> 
> I hadn't considered WRI as a retail share - I was thinking of them as
> being "agriculture", with a dash of finance. I can see what you mean
> though.
>

I must admit I think of WRI as 'agriculture' too.   That and the other 
rural retail shares are probably the best proxy you are going to get for 
sharing in the results of farming, short of owning one.    My point of 
saying WRI is retailis that you may get a negative fall out from rising 
interest rates.   But I guess you could argue the same with farmers and 
their land.

> 
>>Those who buy a computer
>>program and try to get rich quick seem to last only a few months at
>>best, if the rate of churn of posters is anything to go by.
> 
>I am a programmer, and I work for a bank. Mate, even if I believed in
>TA, I wouldn't trust MY money to anything that wasn't tested within an
>inch of its life...
> 

The problem is you can't back test future events.

>
>>IME, it is the highly priced shares that a far more 
>>likely to burn you.
> 
> Do you mean dollar price or p/e?
> 

I mean high p/e.  The dollar price itself is no indicator.
By controlling the number of shares on issue management can 
make the dollar price whatever they like for a given earnings
 outlook.

SNOOPY


--
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----------------------------------
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you have to cut down all the trees."




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