Forum Archive Index - May 2000

[Derek Watt <dkw@paradise.net.nz>]

Dear John,

A pretty good list I think, and you'd probably do
OK holding most of them, a shame that you bought
at the wrong time. I guess that's why some people
recommend trickling money into the sharemarket over 
time so as to average out any short term fluctuations
and to avoid buying all the shares at the worst (or best)
time.

If you really want to get all your money back sooner
rather than later and are prepared to take a bit
more risk then why not sell everything (bar FFS)
and put all the money in FFS (85c). Thats more or less 
what I have done.

Once the FCL thing is over in a few months time 
you can buy the other shares again if you still
like the look of them.

If your feeling invincible then stick all of 
the money into LKO, they have got the drill bits going 
so you'll need to be quick (buy the ozzie share).
Of course you may not see your money again, but
that's lotto (or lootto ?) for you.

About your 1st question.
I'm pretty sure that the share price of a company
trading on both sides of the Tasman won't differ
very much between markets. There will be differences
but not big ones for the longer term investor to
worry about.

Cheers,
Derek

(75%FFS, 20% PLL, 5% ITCOD)




P.S.
DPC: FY TO 31/03/00 $2.507m ($1.818m) +38% DIV 3CPS
Someone said this was going to be announced mid June,
looks like they got it out early?








-----------------------------------
Derek Watt 
http://www.blackrobin.com
-----------------------------------




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