Forum Archive Index - July 2001

[nickkearney@xtra.co.nz]

Snoopy

Have to take umbridge at your comment that "that is the reason why the share 
price is falling".

The share price has gone from 50c to 90c in the space of a few months.  It has 
not fallen.  The past two has has seen some profit taking and selling (maybe 
due to the US news? - who knows) but the price is still way above the 50c (or 
even lower!) mark of a couple months back.

It has risen - not fallen.

DISC - sold mine a few days ago at a profit!

Cheers

NK

> From: "tennyson@caverock.net.nz" <tennyson@caverock.net.nz>
> Date: Wed, 4 Jul 2001 23:25:06 +0000
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] MMD
> 
> Hi ryanrite,
> 
> Just in case you haven't figured this out.  This is ITC all over 
> again.
> 
> IMHO ITC still has a very impressive portfolio of investments, and 
> given it is a year since the tech wreck and they have a years 
> development under their belts I suspect that from a product point of 
> view ITC never looked better.
> 
> So why is the share price of ITC languishing?  It is because 
> sentiment has changed.  Investors have become less patient waiting 
> for the returns to come in.   And ITC have no on-going returns of any 
> substance.  So the share is priced more or less entirely on sentiment
> 
> >
> > Wow micromedical Industries Ltd (aus)   MMD
> > I see the Americans have beaten MMD to the human implant of the
> > Artificial heart This must be why their share price has been
> > falling? Will it stop falling? 
> >
> 
> Yes.  When is a harder question
> 
> >
> >
> > How much good will is there in their price?
> >
> >
> 
> The answer is 100%.
> 
> There is nothing but goodwill in their share price of MMD.   They 
> have no earnings and the time when their income will exceed their 
> marketing expenses is too far ahead to predict.
> 
> >
> >
> >  When will they start their human implant? Should one exit now
> > or wait for good news???? Any ideas anyone????
> > 
> >
> 
> I suspect MMD is worth somewhere between $1 and 10c.  And not only do 
> I have no idea which valuation is closest to the truth.  There is no 
> way to know it.  It is a classic high risk high return situation.  
> It is the sort of company that Buffet wouldn't touch because he 
> couldn't understand it.
> 
> Does this mean it is a bad investment?  Not at all.   It could still 
> turn out to be a real winner, but as to when, well who knows?
> 
> From a long term point of view the way to handle an investment like 
> this is to buy in cheaply before most people notice the share.  Then 
> when the investment doubles sell out half of what you own in it, so 
> that what you have left in there is 'play money'.   Then ride the 
> growth.  If the steller growth continues you'll do well.  If it 
> fizzles you will still have the amount of money that you started 
> with, and you can go looking for ther next punt.
> 
> It is the same question as if you asked what the true value of ITC 
> is, 10c or $1?   The answer is both, depending on the sentiment. 
> SNOOPY
> 
> 
> 
> ---------------------------------
> Message sent by Snoopy 
> e-mail  tennyson@caverock.net.nz
> on Pegasus Mail version 2.55
> ----------------------------------
> "Dogs have big tongues, so you can bet they don't 
> bite them by accident"
> 
> 
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