Forum Archive Index - April 2000

["Graham" <graham@ts.co.nz>]

Hugh

Thanks for bringing up AQL.  I have a dilemma as to what to do with those
lovely shares  purchased at 21c.

I sold half the small holding on the way down but now dont know if I should
wait for the promised land to materialise or put the money elsewhere.  As a
newbie investor how do you make such a call?

I'd appreciate your thoughts and anyone else who has such pearls to offer.

Thanks and kind regards

Jane
-----Original Message-----
From: hugh webber <hugh.webber@clear.net.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: 7 April 2000 08:18:AM
Subject: [sharechat] my tuppence worth on constructive criticism vs robust
debate


>While I agree that personal abuse of participants and public figures
>such as Eric Watson has to be out (we may have been lucky to escape some
>sort of legal case for a start) and that inventing derogatory names for
>companies
>doing badly, while quite clever and amusing and apt, is rather pointless
>there are some elements which disturb in the lack of a robust debate.
>Sure arguments have to involve facts and not just journalese interviewing
>of one's
>typewriter but take the Aquaria case as an example.
>When it was trading at about 21 cents with no actual tech business or
>factual
>possibility of one, it was going on momentum trading and association with
>'names'.
>When I pointed out it was a 'risky share'  due to its chequered history and
>some
>of those involved and asked what its NTA per share was (4 to 5 cents) I was
>roundly abused and called negative etc.
>Further analysis shows that of the 'names' there are a number involved, not
>just one,
>and that there is no history for some of these 'names' for acting together
>and that
>the major 'name' is interested in an ASX listing not an NZSE listing so
>that a real
>possibility is that the NTA will be just shovelled out of Aquaria to a
>vehicle in Oz -
>the NTA involved is only pocket money to the 'names' involved after all.
>Current price -
>about 12 to 13 cents I believe; so was buying at 20 cents & risky or not?
>Anyway that is by the way, the issue is that factual points need to be
>considered
>even if they are in the reverse direction to the momentum desired. I could
>point to
>several other cases if required but I won't exacerbate old wounds.
>I'd just people to be able to point to facts without getting abused as
>'negative' or
>comments like 'dishing it out but not being able to take it' - rather a
>mysterious
>remark but I'll let that pass.
>
>But anyway lets get on with the game of factual discussions of the
>sharemart,
>there are some really promising situations on hand - at least to a long
>term value
>investor.
>
>cheers,
>hugh
>
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