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Dear Morgy,
I found your reply very informative, and helpful,
however I dont know exactly what to do, if the price falls to 6, can you help me
with this please?
I really feel that Skr, should come good with a
substantial announcement soon, I guess I am being pretty stupid to expect that I
could live long enough for the price to realise $1. per
share.
I appreciate your help,
Regards,
Starwoman
----- Original Message -----
Sent: Monday, September 29, 2003 10:34
PM
Subject: [sharechat] Mining stock -
SKR
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."
> >
> >
> >
> >
> >
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> >
> >
>
>
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