Forum Archive Index - April 2000

[Derek Watt <dkw@paradise.net.nz>]

Ritchie,
If it's any comfort I don't think you'd be the only
buyer at 12 c. This share can go up to 15c on a whisp
of a wind.
Derek

At 11:39 PM 4/9/00 PDT, you wrote:
>We are now into the 5th week, of the proposed 4-6 week expected required 
>time to issue a prospectus and thereby enable the listing of Bliss. Once it 
>is out, then the ball can start rolling, whereas up until now, it has had a 
>jail term effect, where no news was going to be possible for this length of 
>time. Once the first announcement comes out, a succession will follow, 
>esculating the exitiment as it gets closer to revelation time. 
>News........any news, in this company seems to generate a fluctuation in the 
>price, which is great for traders. It is the no news which is the slow and 
>painful life relieving drain on the share price that we are all experiencing 
>now.
>For my 2 cents, (And I tell you what, I feel like I have earnt it.....yes I 
>too have had the colour drain out of my face on more than a few times with 
>this company), is that something is happening, the people in the know, are 
>getting smarter and smarter at generating sharevalue, (and obviously and 
>rightly so personal wealth),( look at Quixel for example, and watch 
>Advantage shares go up as the opportunity to gain Quixel shares pre-Nasq 
>release, is given to them.
>
>So, yes it is a lot like when we were kids and Christmas day was 
>approaching, the excitement of what would be in the stocking from Santa grew 
>stronger everyday.
>
>May Santa deliver good things to us all, and wouldn't it be great if it was 
>a mid year christmas special event.
>
>I probably need my head read, but I will be more accumulating if it makes it 
>to 12c, and I already have a ridiculous amount.
>
>PS Never again in my career as a trader/investor will I ever fall in love 
>with a stock as much as I did with AQL. Because when I fell out of love with 
>it ( we are still friends ), I had accumulated so many that my ability, to 
>trade in a semi diversified, and balanced manner with intelligent risk 
>management was irradicated.
>
>It is a sobering thought to realise that if this company failed everything I 
>have would be gone. May new investors learn from me , that no share is THAT 
>good, that you should risk more than a set % of your portfolio on. I 
>followed that advice at the beginning, but as it got cheaper, and I thought 
>more news was coming, so I sold out of another share to buy up some more at 
>that cheaper price ( some call this averaging down), and then it got 
>cheaper, and so I did it again, etc.
>Now I am so involved, I am numb. Nothing effects me anyore. I have set my 
>sell rate, and when it reaches that I will be out, and among the happiest 
>people in our sharechat community. If it does, then I will learn how to 
>start all over and learn from it. In the mean time I will accumulate more at 
>12c, as my optimism is my strongest asset, and may the news be forth coming 
>sooner than later.
>
>Please don't use the forum to tell me I am stupid...I already know!
>Ritchie
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-----------------------------------
Derek Watt
http://members.tripod.com/DKWatt/
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