Forum Archive Index - May 2000

["Geoff Ewert" <gewert@wai.quik.co.nz>]

Unfortunately I think the recent Brokers comments will create a herd stampede,result more brokerage! A number of years ago I was fortunate enough to have $90K to play with for 12 months.At the time RJI was at the bottom of the pile,I had a feeling Although the co.was shot their was going to be a little up & down to come.Into the local broker & ordered 2 million @$0.02,an adviser came bolting out of his office with untold contrary advice.I got nervous and went with his calls-BRY-$1.50 approx,-Tagpacific on the back of legal dispute(upcoming)-Southern Petroleum (can,t recall price)---- outcome a joke and 3 lots of brokerage   .To rub in the salt RJI went to $0.06 two days latter.(I had set 0.05 as an out +150%)This was a leading brokerage firm.Get the picture.Regards Geoff   ps.another punt of his at the time was DB but as I dont really like the brand wasnt interested,DB did nothing startling either.