Forum Archive Index - May 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

 

Snoopy,

 

Thanks for your advice to Jonathan. Obviously, it is a speculative share; if it were not, the price could be anywhere up to $ ?

 

As patents are approved, risks decline and prices move up. I hope that nobody is that stupid " To put all your money into this basket! ", as you put it, Snoopy. I only have 3% in this stock!

 

I don't think that no matter how good an investment, nobody should put all his money into one basket; however, you would think that chatters would be aware of this, would'nt you? MMD must be accorded a much higher risk!   

 

Then you say: " One wrong move and the share price could halve overnight "

 

And that is exactly what happened to AIRVA , $ 4 in 1997/98,  2.70 in June 1999, $1.40 in March this year - when I suggested to somebody to get out of AIRVA quickly and move into AIA - ,  to 85 cents a few weeks ago.

 

And now AIRVA is going to WINZ ( the Government ) for a hand- out of some $ 500- $ 700 mill. dollars !!!! 

 

And AIRVA are asking us to subsidize your future dividends, Snoopy !!  Socialism at its best! 

 

No talk about market forces here! I wonder, what W. Buffet has to say about this! 

 

It is clear that the investment risk has been very high in the case of AIRVA. It has been lowered as the taxpayer may have to step in!

 

Then you say "MMD is * the * riskiest share that has been discussed on the forum this year" I think that AIRVA would compete for that title, don't you? 

 

I could'nt care much if anybody invested in MMD or any other share; we are working at the coal face and take the losses / gains as they come. And we do our studies before we invest.

 

And those chatters who invested in my selected Australian stocks, congratulations, and let us hope that there is more to come!

Obviously, they do it at their own risk - and not at the taxpayers' - and are proud of it!

 

But, nobody can ever accuse me of being a dogmatist; my selection of long term solid Australian- and other stocks are testimony to that!!   

 

Gerry