Forum Archive Index - August 2003

[Robin Benson <rob@hammerheadmedia.co.uk>]

Hi MacDunk

Thanks for the interesting response. It's to your credit that you don't 
mind admitting the odd wayward thought -- good to hear you didn't 
actually follow up on your hunch. Then again, something might have 
happened in the meantime which might have seen WRI exceeding your 
September exit level by now. I suspect WRI will do quite well over the 
next couple of years, but maybe not in comparison to the past few years.

It seems to me that the MacDunk trading strategy combines grass-roots 
buzz with the MacDunk gut feel factor with a little bit of contrarian 
thrown in and garnished with a sprig of trend-following. Always 
colourful, always interesting. Seems to rub some people up the wrong 
way, but that's an issue for them. Easing into an investment in stages 
is also an interesting approach. How would this work if you get a hunch 
about a stock like WRI (assuming it had dipped and bounced) when the 
margin is quite thin? Regarding stop-losses, are these absolutely 
rigid, or do you allow your gut feeling to override them? POA, POT 
(what no LPC?), AIA are all in international markets ... is PWC your 
balance?

Regarding JFK, I think you'll find that Morgy is the one who's 
interested in JFK and whose post asked the question. I'm sure you'll 
find, however, that being told what to think is universally consistent. 
Oh, if you're interested in conspiracy, plug Bilderberg into Google -- 
that should keep you busy!

Cheers

Robin

disc. hold WRI

On Wednesday, Aug 13, 2003, at 02:20 Europe/London, Duncan MacGregor 
wrote:

> Well robin I certainly got It wrong this time.   The market didn't 
> spook as I anticipated with the mad cow scare.  WRI did drop 3 cents 
> when I looked earlier, and regained 2 cents later that I missed.   I 
> don't hold WRI, I sold out at $1.30 last Sept, and bought more POA 
> at$6.25 .    I do put my money where my mouth Is which gives me plenty 
> of scope.   I realized last Sept the dollar was to high, farm Incomes 
> were dropping, and It was time to get out.  I still think the time Is 
> not right to move back to farm related stocks judging by the bleating 
> coming over my fence from next door.  It aint all sheep mate.   I only 
> sell a share when I think the sector Is on the way down, or It hits my 
> stop loss.  I have had two of those this year BRG and PRG.   Lost 
> 10pcent each on those two but It Is my policy to buy Into a share In 
> stages so I didn't lose to much. I hold four stocks POA  POT  AIA 
> and PWC .  I waited on PWC when It was down trending and jumped In big 
> when It bottomed.   You ask about an unrelated subject of what we 
> think of the JFK assassination. I will answer you this way closer to 
> your own doorstep.  There would not have been enough money In the 
> world for me to board a flight that princess Di was on once she 
> started running about with an Arab.  It Is all speculation we get told 
> what to think on this side of the world same as you.


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