Forum Archive Index - April 2000

["hugh webber" <hugh.webber@clear.net.nz>]

don't forget 'Making Money on the NZ Sharemarket' by Newman and Briggs
which
has a potted list of techniques of just over a hundred although its not as
good as
Buffetology by Mary Buffett in the long run and it goes off the rails on
charting and 
diversification.
Thoroughly agree with Guppy (must have a look at that, it has somehow
previously
escaped my attention).
But I do have one caveat; motivation. There's nothing like a a small
holding in a range of
possibly interesting shares to motivate one to follow everything that's
happening to them
in readiness to pounce at the right time. Its an old trick of Ron
Brierley's.

cheers,
hugh 
 

----------
> From: Matthew Van Veen <mattvanveen@hotmail.com>
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] Thanks for the advice!
> Date: Thursday, 13 April 2000 17:46
> 
> 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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