Forum Archive Index - May 2000

["nick" <acummin@es.co.nz>]

 

     Over the last few weeks i have been gradually exiting my shareholdings

 ready to ride out coming volatility.  First montana for 2.30 which was good.

      Yesterday it all went wrong. I was due at southern cross hospital, chch

  for a septoplasty and inferior turbinates operation,at noon.I  Spent the morning

on the computer , trying to take my mind off it. First i posted a message to

sharechat advising people not to buy advantage as it would go lower,

 ten minutes later it had shot up twenty points.

  Just as i was about to leave for the hospital i noticed that fletcher

energy had risen to 5.50, for some reason i decided this would be a good time

to sell my holdings. It was a purely impulsive decision made when my mind

was disturbed by the thought of my operation.

           While in my room awaiting surgery i decided to watch the lunchtime

news and was informed that energy had shot up in price.

   I then went to the toilet and accidentally pushed the emergency button

(without knowing) instead of the light switch, next thing the door flew open

and in came a nurse catching me with my pants down.

         After the operation i spent the evening reading a book called

 The unemotional investor by Robert Sheard which outlined the share

strategies used by the motley fools website.

        I made some notes and applied the theories to the nz market

to see which stocks it would select   (separate post)

               Anyway im now back home in beckenham convalescing.

    Im sitting here with blood and snot running down my face and feel like

my heads been run over by a steamroller.

   But why oh why did i sell energy?  I keep telling myself taking a profit

can never be bad (30%).  Then why do i feel so terrible.

 

 nick