-=> Lindsay McKeon wrote to Graham Comitti <=- 
-=> On 10-28-94 about Austoft AGM <=-

LM> GC> I see its run back up from around the $1.15 over the past month,
LM> GC> and  jumped 4c yesterday.  Be interesting to see if it can
LM> GC> continue to run  against the tide, as volume is way down now.  

LM>I dunno. The reason I posted this info (and some others, maybe) is
LM>that info for the smaller stocks is hard to come by, especially
LM>if it's outside of your broker's state. I'd like to hear of other
LM>companies that readers of this echo may have knowledge of.

Can't help you here, as I'm basically a chartist and don't really follow 
AGM's reports etc. in the print form, only what the price/high/lows are 
doing.
LM> 
LM>Went to a free seminar put on by Bains on Thursday. One speaker
LM>was Don Stammers, the economist. His guesses for the next year or
LM>so included the 10yr bond rate going to 11% and the short term
LM>bond rate going to 8-9%.  He believes the bond market's fears of
LM>inflation are overdone, but we'll have to wait until the high 
LM>inflation rates don't eventuate and the US growth rates fall before
LM>the 10yr bonds fall back.
LM> 
LM>His bets for the next year is that the US economy will slow faster
LM>that most believe and the Japanese market will recover much faster
LM>than people expect.
LM> 
LM>He also believes the Japanese trade surplus will be pegged back, 
LM>contrary to people's expectations.
LM> 
LM>For the short term (6 months) he believes resources are the hot spot
LM>in the share market, but it will become dangerous after that.
LM>He believes industrials will be weak until long term bonds come
LM>down again. He believes they're not finished yet in this cycle, 
LM>with good prices to be achieved over the next 3-4 years.

The charts have basically been saying similar since Feb. With the 
industrials downturn, and resources generally still climbing/holding up,  
seems some good short term gains to be made in the smaller resources 
stocks (if you pick the right ones) 
 
LM>He believes economic conditions are now more like the sixties, with
LM>solidly based growth on top of low inflation rates.

He's probably right, but some say our deficit problem is far greater now 
than back then.  Also I believe our CPI is calculated different now and 
some of the things that used to be counted in the cpi back in the 60's 
are no longer included.

A report getting some air time today predicts a year or so of growth 
then a downturn, due to the lack of real investment by the big companies 
recently.

Regards, Graham from Sunbury
___
X CMPQwk #1.4X UNREGISTERED EVALUATION COPY

--- Maximus/2 2.01wb