Forum Archive Index - September 2003

["Morgy 40" <morgy40@hotmail.com>]

To Harry & Stephen

"Those who buy a computer program and try to get rich quick seem to last only a few months at best, if the rate of churn of posters is anything to go by. "

"I am a programmer, and I work for a bank. Mate, even if I believed in TA, I wouldn't trust MY money to anything that wasn't tested within an inch of its life... "

 

Im not sure which one of you wrote these absurdities so I have addressed my reply to you both.

1. I have not seen any posts on this site from anyone that has said they have bought a program (Fundamental or TA)  and have a get rich quick scheme in the 2 years that I have been posting, kindly name 3 please ?. At a "guess" I might suggest that the hard work necessary for succesful investment is beyond the patience or concentration skills of most folks, they drop in thinking that this site will reveal some Eldorado Gold mine of succesful investment or perhaps a hot stock tip and float out when they find it is not.

2. What relevancy does your job have to any investment tips you may have or how does it somehow imply competency in investment knowledge, did you invent windows, linux or someother special software ?.Investment in all forms based on my experience both as a company owner and parttime trader is based on knowledge I have gained from study and application over many many years, some skills from business were transferable, such as risk management, discipline, self evaluation, self management etc etc.

My suggestion to you is to spend more time learning outside your current narrow bandwidth.

Disclosure: Excellent golfer , Cause: No Job

Regards

 

Morgy

 

>From: "tennyson@caverock.net.nz"

>Reply-To: sharechat@sharechat.co.nz

>To: sharechat@sharechat.co.nz

>Subject: Re: [sharechat] delurk, and POT question

>Date: Fri, 19 Sep 2003 22:35:42 +1200

>

>Hi Stephen,

>

> >

> >>On the minus side that portfolio looks a little skewed towards the

> >>retail sector with MHI, WHS and WRI, even if WRI is really

> >>'industrial retail' and in a slightly different category.

> >

> > I hadn't considered WRI as a retail share - I was thinking of them as

> > being "agriculture", with a dash of finance. I can see what you mean

> > though.

> >

>

>I must admit I think of WRI as 'agriculture' too. That and the other

>rural retail shares are probably the best proxy you are going to get for

>sharing in the results of farming, short of owning one. My point of

>saying WRI is retailis that you may get a negative fall out from rising

>interest rates. But I guess you could argue the same with farmers and

>their land.

>

> >

> >>Those who buy a computer

> >>program and try to get rich quick seem to last only a few months at

> >>best, if the rate of churn of posters is anything to go by.

> >

> >I am a programmer, and I work for a bank. Mate, even if I believed in

> >TA, I wouldn't trust MY money to anything that wasn't tested within an

> >inch of its life...

> >

>

>The problem is you can't back test future events.

>

> >

> >>IME, it is the highly priced shares that a far more

> >>likely to burn you.

> >

> > Do you mean dollar price or p/e?

> >

>

>I mean high p/e. The dollar price itself is no indicator.

>By controlling the number of shares on issue management can

>make the dollar price whatever they like for a given earnings

> outlook.

>

>SNOOPY

>

>

>--

>Message sent by Snoopy

>on Pegasus Mail version 4.02

>----------------------------------

>"Sometimes to see the wood from the trees,

>you have to cut down all the trees."

>

>

>

>

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---

Gaming galore at  XtraMSN Gaming! 

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