Forum Archive Index - August 2001

["Steven Link" <seechoke@hotmail.com>]

I can remember some sharechatters speculating that CBT at 10 cents was worth 
a punt ... CBT going to the UK and other jurisdictions - what is the set up 
costs? Do they need more funding?  What is CBT's competitive advantage? How 
long before CBT runs out of cash?  They are now burning SKC's cash of course 
and good at Eric Watson being able to convince SKC that CBT will take good 
care of their cash!

Force was a great punt at 26 and 27 cents. Why sell to SKC at 25 cents as 
there must be more upside was the logic then .. so punters bought at 26 
cents etc... Nice losses if you can handle them.

Don't get me wrong - some recommendations in sharechat have been absolutely 
superb - Wrightson and Rubicon to name two. But those recommendations were 
based upon underlying fundamentals - not punts and reliance on the greater 
fool theory which appears to be the hallmark investment rationale behind a 
lot of sharechatters' recommendations.


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