Forum Archive Index - September 2003

["Morgy" <ica.sports@xtra.co.nz>]

Cristine

 

Your thanks are most kind. Your naievity however may cause you severe financial harm in the future, You firstly say that prices are manipulated by people who somehow watch a graph and expect a quick turnaround and then further on that some other person mucks a price up by not following the current price (which when plotted on a graph is a price chart of which you just accused other people of manipulating) . So are we suggesting that price manipulation is OK as long as it follows your version of the desired events ?.

 

What is the correct version of events ?.  Both are correct and incorrect, some people watch price charts and when the price moves they climb on board and take a ride to the land of profit, we hope. Other people do wonderful research and buy and hope like heck that they make some money and when they dont, they say its an investment and the price is being manipulated by other people, go figure that out.

 

I suggest that you research how the price for opening the market on the asx is worked out and you will realise then that prices gap up as well as down, its called supply and demand, your person at the end of the day was willing to quit the stock at a "certain" price today than wait until tommorrow for a price that is less certain, surely that is his or her right as a free individaul in a free market, if they werent allowed wouldnt that be price manipulation of which you just bitterly complained of ?. I do understand completely how you feel, yesterday after much Tea Leaf reading I bought a stock that was flying high and closed up with a nice profit. The children went to bed well feed with the cherry prospect that more food would be available tomorrow, Dad of course was king of his world, today that very same stock gapped down on the market open,  past yesterdays profit and into dads reserves. Baked Beans and toast for tea tonight. While I was selling someone else was getting what they thought was a bargain, see how it works.

 

My comments are meant as an attempt to create questioning in our mind of why we do things and how they work, without that attitude simple flaws become ingrained investing habits (of which I have my fair share).

 

Up yesterday,  down today, sounds like when I was courting.

 

Happy Investing

 

Regards

 

 

Morgy

 

 

 

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Tuesday, September 09, 2003 3:33 PM

Subject: Re: Re: Re: [sharechat] XEL good buy at 13c

Thank you Morgy. I'm sure your system works well for you and I really appreciate you taking the time to detail some of the risks associated with XEL. (Just in case this is interpreted as being sarcastic, I assure you it is not. My intent is genuine. Not enough people take the time to help others these days and not enough people take the time to say a simple 'thank you'.

 

The people who bought in and sold out of XEL may have followed a graph expecting a very quick turnaround. It's a shame, but they probably didn't research the stock. Graph movement can be easily manipulated just like KAZ stock was yesterday. Trading at 27.5 cents late afternoon then magically one person who is apparently completely unaware of the trading price decides to sell at 26.5 cents right on close of trading so bidding next day starts at 26.5 cents. Strange huh? How would this show on a graph?

 

I invest in companies with good potential, good assets, good plans and good news and I've been making good money this way. Research allows me to be confident in the value and importantly, not to panic when the price moves a little down.

 

Research indicates XEL, IPG, ABI, PWT, and INL are all excellent stocks that will reward with a little patience.

 

Kind regards,

Cris