Forum Archive Index - February 2002

[hugh webber <hugh.webber@clear.net.nz>]

Its not "fear" except in the sense that the Consumers Institute "fears" for the 
safety of
consumers.
I'd be delighted to hear that it was all good harmless fun like reading your 
horoscope in the paper
and laughing.
One can only repeat once again that the really expert investors, and I don't 
mean the amateurs that
run insurance and superannuation & funds investment although even they eschew 
"technical" analysis,
but people like Warren Buffett (if TA people have heard of him), Benjamin 
Graham et al, relate its
a waste of time and quite often counterproductive.
My own observation from Sharechat posts is that there is a very strong inverse 
correlation between
the absence of real news such as company reports, turning points in the economy 
from fresh
statistics; and the number of charting posts.
i.e. its what people do when they're bored and waiting for something real world 
to happen. Lets
hope for some real news soon to avoid the deluge of rubbish.

cheers,
Hugh

----------
> From: Chris Morgan <ica.sports@xtra.co.nz>
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] Thanks
> Date: Tuesday, 5 February 2002 17:15
> 
> 
> Phaedrus, Thanks for your  reply to my  David Bowden questions a week or so
> ago, re safety In
> the markets, the links were extremely useful & may have saved me some
> serious dollars over a long period of time. I am in your debt.
> I have been a fundamentals type of investor previously & am returning to the
> market after many years of absence. I am extremely taken by TA as a concept
> or added value technique.
> While their seems to be some fear from the fundamentalists about your black
> art, I was wondering if you would kindly enlighten me with some direction
> (books, sites, software, etc) to develop my knowledge of this subject.
> 
> P.S  Rather enjoyed the unmasking over the weekend, would it be correct to
> ask if that was the fundamentalist side coming out in you, i.e Information
> based on solid research on a target. Thanks for both the humour & the info
> 
> pps,  whats the "other channel"
> 
> Regards
> 
> Morgy
> 
> 
> 
> 
> ----- Original Message -----
> From: "Desmond McDonnell" <desmondo@labyrinth.net.au>
> To: <sharechat@sharechat.co.nz>
> Cc: <lionselection@lsg.com.au>
> Sent: Sunday, February 03, 2002 12:17 PM
> Subject: Re: [sharechat] Lion Selection/Helix/Robin Widdup
> 
> 
> > Hey, this is rather an unfair sort of language, detracting if not
> > calumniating. Have you been instructed on sins? If I were you, I would
> > head off to church and start learning about it. Course there are
> > churches and churches. For directions, write to Mrs Margaret McKenna,
> > 15 Crecy Place, New Windsor.
> >
> > In any case I am quite sure Lion, Widdup and Were would be readily
> > able to repudiate this strangely derogatory spin of yours. Seems to me
> > Lion is pretty much on the right track.
> >
> > But please tell me, what NZ golds do you like? I get the impression
> > there is none. Is gold mined in NZ? Or are you still into dot.coms over
> > there?
> >
> > You End-Zedders were the first into the New Year but still living in the
> > 1900s the last to wake to investment realities of millennium.
> >
> > Don't worry, I come from a country town in Victoria myself, Ballarat.
> > They've got gold there, but have been frightened away from it by past
> > greed, scandal, incompetence, and maybe worse.
> >
> > Such as demonstrated by a lunatic $100m decline that went about 100
> > yards down and caved in, burying all the trusting shareholders, in one
> > of the engineering scandals of all time.
> >
> > Regards
> > Peter Jenkins
> >
> > You said:
> >
> > All the chats about LSG ... the golden rule of investment is know the
> > management and in this case, the investment manager.  It is indeed Mr
> > Robin Widdup, the J B Were's analyst for Helix.
> >
> > Helix is the share that went to dizzy heights 5 years ago on the back
> > of wild analysis that the company had found a big hunk of gold ... the
> > hunk of gold proved to be somebody's imagination!  Helix share price
> > crashed to dirt and during that period, Lion Selection Group was
> > formed.
> >
> > Hope those buying into LSG have better luck than the poor ole Helix
> > investors!
> >
> >
> >
> > _________________________________________________________
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> 
> 
> 
> 
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