Forum Archive Index - June 2001

["Matthew Van Veen" <mattvanveen@hotmail.com>]

Very Interesting. I saw an interview with him on CNBC a couple of weeks ago 
where he was described as one of Aussies big sharemarket winners however no 
one liked him, was always being criticised by everyone, sold out of stocks 
that he recommended as BUYS on his newsletters etc. He really struck me as a 
weird person and one I would not trust however apparently he has done 
alright. I have never read one of his newsletters and do not follow the guy 
but did make a point of wanting to read one too see what they were like and 
what the fuss was all about. Have not done this as yet and would never 
subscribe.


>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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