Forum Archive Index - September 2003

["Cristine Kerr" <criskerr@optusnet.com.au>]

My understanding of the purpose of a forum is the sharing of information for everyone's benefit. It is my belief that if we have knowledge gained from personal experience or otherwise that may benefit others, we have an obligation to share that knowledge. I stress the word 'share', not 'push down the throat of'.

 

When we all share information, readers/listeners have an opportunity to weigh up/analyse/evaluate that information and make their own decision about what to do with that information. Information about ourselves should be accepted in the same vein and should not invite personal derision regarding someone's trading, religious, or other beliefs.  (Healthy, courteous debate is of course another matter.) We are all one family and the basis of all religion is to live by a set of principles based on being respectful and kind, fair, empathetic, helpful, etc. This is not always easy because it is in our nature to protect what we feel is being threatened, eg; our loved ones, our property, our beliefs.

 

The written word is open to misinterpretation and treated more suspiciously than the spoken word because we cannot see the body language or hear subtle tonal inflections that help us accurately translate the intent of the person communicating with us. Unfortunately, this causes us to be sceptical of the intent of the written word and sometimes, to assume the worst. When we perceive we are threatened in some way, our instinct is to protect by attack. It is my experience that in the majority of cases perceived attackers are at worst, people who are guilty only of not expressing themselves as well as they'd hoped when they pen the written word (myself included). 

 

I don't apply statistical analysis to market movement. I read - a lot - because thankfully I am able to access and share in a lot of information from varying sources.  If the sell order ratio is 3:1 (higher volume in sellers than buyers) it has no bearing on my strategy because I buy stock I consider undervalued with great potential.

 

This one's offered in good humour for you Morgy. I know you'll have some fun with it: I hope you'll agree that to create a trading graph, you must have trading activity. If every fundamentalist share investor left the market, what would happen to the trading graphs, buy and sell signals? (Chicken or the egg.) All trading styles are effective and equally important in the greater scheme of things. At present I am comfortable with and have sufficient time for fundamental research and analysis. If that were to change, I would need to investigate a more efficient means of selection via statistics, and Morgy, I'd like to think you'd still be here and willing to share your extensive knowledge with me if that were to happen.

 

Analysing information is not failsafe. For example; I was not aware the KAZ board would be unable to resolve a fundamental difference of opinion with three key executives that ultimately caused them to resign. KAZ is still to pay their dividend yet the announcement caused a panic sell to 27 cent close last Friday. Did this cause me to sell my stock? No. It's still good stock and will bounce back. Just makes it better buying.

 

Forum participants have an opportunity to read, continually learn (my favourite pastime), and contribute. Ideally, we should all be able to do this in an even-tempered, good-natured environment of community spirit and good will.

 

Disclosure: GRD is yet to advise its dividend but should be soon. Recommend reading GRD ASX postings.

 

Unrelated: If you believe in sharing information to help others and have knowledge of a successful health treatment or cure, please visit Case Health - Health Success Stories @ http://www.casehealth.com or http://www.casehealth.com.au). Case Health is a free community health resource that facilitates collection and sharing of health success stories via an online database.

 

Kind regards,

Cris Kerr

10.50am Mon 22Sep03