Forum Archive Index - March 2000

["simon dallimore" <smndallimore@hotmail.com>]

Wilfried is right on all counts. I hold Savoy shares and I don't intend to 
sell but if I did, there's no way in a million years that I would sell out 
under 7c this morning. The stock has previously gone up to 9c on a rumour; 
it is the only wireless internet trading stock on the NZSE's  main board at 
the moment; the rest of the competition have not listed on the main board 
yet.
If I were to buy SVY today, I too would look at the possible price rise, 
determine my expectations in that regard, and settle on a bid price which 
will ensure that I get my shares ahead of the queue.
I have learnt from past experience that trying to get stocks at the cheapest 
possible price is not the option to take when a rally is in swing and there 
are profits to make at any point along the way for at least a few more days 
(e.g.Savoy). Once you have made up your mind to invest in a stock, you have 
to decide quickly which point gives you the greatest opportunity to obtain 
shares and then go for it.
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