Forum Archive Index - April 2000

[James Webb <James.Webb@xtra.co.nz>]

ditto Ritchie.  You said it all and I have done the same as you.  Crazy.
Crazy.  Crazy.

Looking forward to some good nights sleep.

Cheers, JW

ritchie marr 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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