Forum Archive Index - April 2000

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

Oliver
I recommend you read "SHARE TRADING - An approach to buying and selling by 
Daryl Guppy. I know you have money to play with but you also mentioned you 
are not worried about whether your shares go to ZERO so what are you trying 
to achieve. Like others have mentioned you own to many shares which in the 
words of guppy is like
"a mindless diversification into many small positions, like scattering a 
platoon of men across a minefield". Five stocks is plentiful enough. His 
book is well worth reading and should be your trading bible. It has taught 
me alot and I was once where you were as probably like so many others. 
However I do like the ol' go to RIO and pick up as much "babes" as you can 
while you still can suggestion especially at age 22. That may have more 
merit than trying to decipher the next market play.
Best of luck
Matt

>From: "Oliver Shapleski" <oliver.shapleski@vuw.ac.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: [sharechat] Thanks for the advice!
>Date: Thu, 13 Apr 2000 14:50:56 +1200
>
>Most helpful.  Still, days like today I'm glad I don't have four stocks.  
>Taking a hammering...
>Still, I've got about 40 years for the stocks to recover.
>
>Have a look at DFM's $50,000 portfolio - it's down 11% since last week.  
>Ouch.  The only gainer they have is Ceramco, which leads me to ask: Why 
>were they holding Ceramco?
>
>Oliver
>

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