Forum Archive Index - September 2002

["Nick Kearney" <nickk@quicksilver.net.nz>]

John

I would hate to bring up the pennies again.  And I won't.  I did however
have a look at CBT a few months ago and at that time it needed to close
above 12.5 for me to enter.  It didn't and I see it has drifted back to 9c
although I do agree that there is potential here.  I just haven't had
another decent look at it but I believe it has massive upside potential
eventually.

Can you convince me it is now?

Nk
----- Original Message -----
From: "John Wedde" <John.Wedde@weltec.ac.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, September 09, 2002 10:42 AM
Subject: [sharechat] Re: old wounds?


> Hi Nick
> Are we really talking again on this forum about penny dreadfuls?
> I thought perhaps I'd never see the day again!!
>
> Why don't you check out another SKC company, Canbet [ticker CBT on the
> ASX]. This could be a goodie. Let me know what you think.
>
> Cheers,
> John
>
> >>> nickk@quicksilver.net.nz Monday, 9 September 2002 8:42:45 a.m. >>>
> Try ASX first.........there are ample to use TA there without going to
>
> USA...good practice..........BUT>>>I would suggest paper trading first
>
> (imaginary trading)and the way the markets and the world are right now
> I
> suggest watching it very closely and go short if you can.....
>
> others might have some suggestions.......don't use more than 10% of
> your
> capital in any one trade.....set stop losses AND USE THEM!!!!..
>
> Finally....good luck....you'll need some of that..
>
> For others reading.......does anyone have any thoughts/ideas/comments
> on
> FOR.......I think this is the best penny dreadful around....written off
> its
> debt in Argentina.....has the $$$$$$ of SKC behind it........people
> like the
> movies more and more.............tourists flocking to Akld for next 6
> months.....I like this stocks penny price..........any thoughts?????
>
> Cheers
>
> Nk
>
>
> Holden Glova writes:
>
> > -----BEGIN PGP SIGNED MESSAGE-----
> > Hash: SHA1
> >
> > Hi all,
> >
> > First off - thank you very much to SNOOPY for helping me learn
> something about
> > what sort of questions and to ask for when initiating a fundamental
> search
> > for value in a company. I really appreciate you taking the time.
> >
> > I recently subscribed to this http://www.stockfetcher.com thing and
> have found
> > it quite a good tool! At least I could see it's uses if you were a TA
> trader.
> > Something that hasn't felt right to me with looking for value in a
> company is
> > that how long must you wait for value to be realized? The answer is
> probably
> > until the market realizes it! This uncertainty sits uneasy with me -
> the
> > investment just feels a bit to uncertain.
> >
> > I don't want to stir up any old wounds between TA vs. fundamentals so
> please
> > don't think that is my intent. I'm only expressing what has initially
> struck
> > me odd about the fundamental approach.
> >
> > Haveing found a cool tool like the website above I will re-iterate
> that I
> > think the US market is better suited to a TA approach. It seems there
> is much
> > larger increase/decrease in price on a single day. My question is do
> you
> > think it is silly to experiment with a TA approach in the US market
> on stock
> > ranging from $1-5? I must admit, I really want to give this a try -
> but at
> > the same time I am a tad bit afraid to lose my money :)
> >
> > Also, on a separate note, I generally save about $1000/month and have
> 2 months
> > worth saved up, is that enough to invest at once? Should I split this
> amount?
> > Keeping in mind that each month will be another $1000 to invest
> somewhere
> > else.
> >
> > Many thanks for any insights provided.
> >
> > - --
> > Signed,
> > Holden Glova
> > -----BEGIN PGP SIGNATURE-----
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> >
> > iD8DBQE9exjb0X8w8X71zPcRApUuAJ40GpOHooJL32eopNxF1Zeueq+DAgCfdnJ7
> > nTMXH1RtSFUHyo5FlYnEXYU=
> > =d/To
> > -----END PGP SIGNATURE-----
> >
> >
> >
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