Forum Archive Index - September 2003

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

Hi Starwoman

Mining stocks are not only a place that gold and diamonds come from, they are also a place that your money goes, keep up the research, knowing whats going on in the mining game is everything. Your shares seem to have some support at the .064 price and is possibly just consolidating. It hit a high of .12c in Nov 02, so I wouldnt expect a $1 stock to soon, if it breaks out dont forget to take the profit.It has a lot of volume on the order line and there are 2 million buy orders at .06 so I would use that as a stop loss. I note however that today there was only 500 Thousand traded as opposed to a recent level of 2 - 3 million. The chart pattern is a wedge shape, if you imagine a door wedge that holds a door open, the support level is at the .06 (approx) which is the horizontal or bottom line, prices have been compressing down to this level over the last week or so which means that it will break out one way or the other. The low volume volume could be a problem but the trading today was very light anyway. 

Dont forget the support level at .06 and you should be ok, let me know how you get on.

 

Regards

 

Morgy

 

 

>From: "carmen spence"

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

>To:

>Subject: Re: [sharechat] Portfolio Theory

>Date: Mon, 29 Sep 2003 21:41:20 +1000

>

>

>

>Hi,

>

>I have just found your forum, and just become interested in dabbling in

>shares on the internet.

>

>I have been researching mining companies in australia, and I have been

>reading about the new floats and each company that looked promising

>mentioned a diamond exploring company called Striker, and then I noticed

>where they had found some large diamonds and were digging to get enough for

>samples etc, and I looked them up and found that the price was only 4 cents

>a share, so I bought 4000, then 3 weeks later I read where they had found

>some more diamonds of very large size and of high grade, so I bought another

>120,000 worth, however the price had now risen to 7.2 cents a share, they

>are still getting the diamonds for sampling, but the price has gone down

>again, it is now 6.4 cents, I am expecting a good announcement early

>November, but I wish that this company would hurry up and make some real

>money, for their shareholders, as it appears they also have Gold on their

>tenements and that Anglo are going to do the work to get the Gold, and give

>Striker 49% share, so I wonder how long it will be before I can recoup on my

>money.

>

>

>Cheers,

>

>Starwoman

>

>

>----- Original Message -----

>From:

>To:

>Sent: Monday, September 29, 2003 8:27 AM

>Subject: Re: [sharechat] Portfolio Theory

>

>

> > Hi Matt,

> >

> > >

> > >Alright guys, here's a different topic. I'm interested in what sort

> > >of concepts different people use to construct their portfolios.

> > >how do you hang it all together?

> > >

> >

> > Good question. I will answer 'for me'.

> >

> > >

> > >Some of the questions that come to mind are:

> > > have you got a balance between

> > >income producing assets and growth assets?

> > >

> >

> > My own long term goal is to have all my money invested in companies

> > that have characteristics as defined in the 'sharechat' focus investment

> > group. In summary this involves looking for companies that have a

> > sustainable competitive advantage and a good profit history.

> >

> > Whether those investments are 'growth' or 'income' type investments is

> > a secondary consideration. However, taking a retrospective view, I

> > have generally found that superior growth *and* income *and* lower

> > risk of losing capital (yes, you can have it all) can be found from

> > concentrating on income type shares, bought at the right price.

> >

> > >

> > >What sort of sectoral exposure do

> > >you have to the main drivers of the NZ economy?

> > >

> >

> > Well, I don't own a farm so I'm stuffed. Actually I do own WRI which

> > is probably as good a proxy as any for not owning a farm.

> >

> > >

> > >Are you thin in one area, thick in another etc etc etc .....

> > >

> >

> > Up until now I have favoured exporters over importers quite heavily,

> > and missed many good importers opportunities along the way. I am

> > now working towards a more balanced strategy balancing importers

> > with exporters (I include tourism in exporters) and quality

>infrastructural

> > assets.

> >

> > >

> > >So that's what we've done. Anybody got anything they want to

> > >share....?

> > >

> >

> > Three more things. Investments in a sharemarket should be regarded

> > as only one part of anoverall investment strategy. Many New

> > Zealanders have a lot of money tied up in property, often their own

> > residence. To me it doesn't make a lot of sense to own property

> > shares if you are in this situation. For the average home owner,

> > buying property shares is likely to severely overweight them in

> > property.

> >

> > Second point. It is probably a good idea to have a small but not

> > insignificant warchest of cash to take advantage of those unexpected

> > opportunities that Mr Market throws up from time to time.

> >

> > Lastly it is probably unfair to categorize shares as 'growth' and 'income'

> > if you believe those labels will have any permanence. The two

> > categories of shares can cross the border.

> >

> > >

> > > Our Portfolio (fair's fair: can't receive without giving)

> > >

> > > Income Shares

> > > * Capital Properties

> > > * Wrightson

> > > * Powerco

> > >

> > > Core Shares

> > > * Contact

> > > * Fletcher Building

> > >

> >

> > FBU could be quite cyclical with the building/construction market.

> >

> > >

> > > * Waste Management

> > >

> > > Growth Shares:

> > > * Baycorp Adv.

> > > * Tower

> > >

> >

> > I would classify those last two as 'recovery prospects' rather than

> > 'growth shares'. Having said that there is research out there that says

> > that carefully selected recovery prospects will give you a better return

> > than 'growth' shares ( high P/E shares with a strong profit growth

> > record) anyway.

> >

> > 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."

> >

> >

> >

> >

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

>--

> > To remove yourself from this list, please use the form at

> > http://www.sharechat.co.nz/chat/forum/

> >

> >

>

>

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

>To remove yourself from this list, please use the form at

>http://www.sharechat.co.nz/chat/forum/

>

---

Check out the Xtra gaming servers at  www.xtramsn.co.nz/gaming !

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/