Forum Archive Index - May 2000

[Gerry Tyler-Smith <g.tylersmith@ext.canterbury.ac.nz>]

You are very comforting in this Dark Age of Aquaria.  OK, it was a
speculative buy, but did Eric Watson really sell out in March?  Why then,
does David McEwen still insist that Watson backs it (I am assuming that
amongst all your investing woes, you too got caught up in the Aquaria 21
fever? )

>The great thing about the internet and the ability to invest in and then
>track world markets is that my net worth can get pummeled all day on the
>NZSE starting at 9.00am. From lunchtime I can then get pummeled on the ASX
>and in Tokyo, which can also take me through most of tea. After tea and
>until I go fretfully to bed I can then get pummeled in London (which is now
>happening as I type). When I wake up in the morning I can drag myself to my
>computer screen and see how much I lost on the Dow - then go to work to try
>and make more money to feed the monster. Its great.
>
>But on the more positive side. I have also found that after a particular
>investment goes so far south (for example, say you purchased Wavenet at
>$A1.30 then watch it go down to $A0.36), after a while it ceases to become
>so painful because although its still day by day losing the same in
>percentage terms, because the percentage falls are working off such a lower
>base amount, the dollar losses don't seem half as bad.
>
>Of course, the chance of such an investment ever getting you your capital
>back becomes less and less.
>
>But other than that, all my holdings are value holdings, so I'm sure it will
>all come out in the wash.
>
>(I'll probably regret not using a pseudonym on this post).
>
>
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