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[sharechat] ADV Plunging plunging plunging

From:	"G.P.Thompson" <gp.thompson@bitworks.co.nz>
Date:	Fri, 28 Jul 2000 13:50:07 +1200

Simon

Re your recent posts on ADV. plunging. I thought you might like this tale.

I bought 10,000 ADV. @ $1.11 in June 1997. I spent the next 12 months watching it really plunge to 20 cents. They got so low it wasn't worth bailing out. No-one could tell me why they plunged so, but the Co did go through a succession of GM's I recall. Displaying remarkable confidence and bravado I participated in the rights issue @ 20 cents when Watson and Co stepped in, and crossed my fingers. I was rewarded by seeing the price rise to 45 cents and cheerfully sold out having regained my capital and foreswearing never to touch the b**** stock again. The rest of course is history as it then soared to the giddy heights of $5.00 + immediately after I sold! Such is the lot of a share trader / investor.

GPT

(Will possibly look at purchasing ADV again when it reaches 20c)

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