Forum Archive Index - January 2000

[Derek <dariusz@ihug.co.nz>]

Les,

Everything you're saying sound right, but I WAS shareholder of SFH.
In 8 months I made average return of 4.2%, so I was better then bank by 0.15% p.a. I had luck with positive December announcement, so I sold my shares on good news with profit. I completely agree with other news group investor, who said about difficult liquidity of this stock. Volumes are so small, so it's hard to sell bigger quantity in one go. Some days big jump in price were made by purchases of 1000 shares ($120-130). On top of it  you have to calculate minimum brokerage fee of $23.00. This make your shopping average of 15 -16c/ share. Try to buy 100,000 shares and sell them in one go. I will be surprise if you do it without hassle. Since than I'm not attracted to stocks without volumes any more. I also agree with others, I never received  single byte of information from Company's management. They may close business and I'll be last to know about. Everybody has own investment idea and for some it may looks very attractive. Not for me any more.

I have one question to you Les. Are you shareholder of SFH at the moment?
Regards Derek.