Forum Archive Index - January 2000

["Matthew Van Veen" <mattvanveen@hotmail.com>]

Graham

I know where you are coming from however as a novice trader who is learning 
fast the one rule I am trying to come to grips is when trading and holding 
onto shares is emotion. There should be no emotion attached to whatever 
share you buy - it is just a share - not fletchers or telecom etc etc. If 
you purchase the share to make money? then emotion should be out of the 
equation. The funds you have tied up in your FFS purchase when brought 4 
months ago would of doubled at least if any of the current IT stocks were 
brought. I'm learning this also through holding Fletcher stocks whereas if I 
used the money to increase my purchase in ITC I would be sitting on more of 
a profit while my Fletchers stock is showing a negative return because 
emotionally I like it and keep thinking it should be worth such and such but 
as soon as it moves up it comes back down. Also the price movement when it 
does rise is not such a greater percentage as the current IT stocks if one 
is speculating. Of course the above depends on age and investment risk etc 
etc but aren't all here to make money.


>From: Graham Watt <gwatt@xtra.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat] FFS
>Date: Tue, 25 Jan 2000 19:00:35 +1300
>
>
>David I am stuck with FFS myself after hedging 4 times. I've waited
>patiently for a rebound. I initially bought them thinking they would
>lead the export recovery. When looking back over 5 year history, I could
>see them reaching $2-00 within 12 months. That was 4 months ago. That
>decision has tied up alot of my trading funds as I am a day trader. One
>of my strategies though is never to sell a blue chip stock for a loss,
>assuming that they will keep track roughly with the NZ40. Along with
>other mistakes one can easily make in this game (I've made a few) I'm
>lucky I can afford to wait for them to recover. Meanwhile the tech.
>stocks skyrocket. My advice is to hold on to them.
>
>Regards Graham
>
>
>
>
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