Forum Archive Index - June 2001

["Malcolm Cameron" <malharcameron@hotmail.com>]

rene rivkin has been slapped with a wet bus ticket for selling shares 
himself that he is recomending as a buy in his news letter. they should have 
banned it altogether but no they just gave him a warning not even a small 
fine. this will tell you what i think of the rivkin report. do your own 
study make your own mistakes. a simple graph set up in microsoft excel and 
updated with say friday closing prices and ten & twenty week moving averages 
will give you some basics to start with
malcolm cameron


>From: "Black Sache" <blacksache@hotmail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: Re: [sharechat] Rivkin Report
>Date: Tue, 19 Jun 2001 05:24:06
>
>As a newby to the Australian sharemarket I was interested in Rene Rivken's
>Australian sharemarket report. After being suckered into paying the $500
>through his late night info-mercial hosted by chief American TV scam artist
>Mr Trudeau I started receiving Rivken's Report.
>
>Armed with my small but modest savings of $10,000 I bought into three of
>Rene's recommendations. They are for those interested, Pasminco (PAS), NRMA
>(NRM, and Orica (ORI). As it stands today PAS was recommended a sell by
>Rivken after diving from the 90c buying recommendation to 23c sell. A loss
>of over $2000 of my hard earned savings. Orica, recommended a buy by Rivken
>around $5.75 is now trading at $4.05, again as it stands a loss. And lastly
>NRMA originally recommended a buy at $3 is the only joy with current market
>value at $3.15.
>
>So, my experience with the report is not a positive one with a current loss
>of around 30% excluding the cost of subscription. Some investment that was.
>
>Some of his recommendations are up however they are very few. It has been a
>tough time for the ASX and the Australian economy in general so this would
>have something to do with Rene's performance.
>
>Now 12 months later it is time to re-subscribe, I don't think so!
>
>Time to cut losses and maybe trust a managed fund instead.
>
>I am interested in hearing other peoples experience with Rene's report, in
>particular, subscribers prior to the last 12 months.
>
>I did find his methodology informing and his approach interesting to read
>but it may have been more worth while buying his book to get this.
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