|
Thanks Chris,
I have had contact with the Manager, and he welcomes
me to give him a call.
I thank you for your advice Chris, and am glad I have
found theis programme.
Cheers,
Starwoman
----- Original Message -----
Sent: Tuesday, September 30, 2003 7:48
AM
Subject: Re: [sharechat] Mining stock -
SKR
Hi Starwoman,
Sound advice from Morgy, including the point about knowing the company.
Information/announcements alone can be
misleading. Companies are aware their announcements are scanned. I have seen
lots of;
- 'might be/could be' announcements in
releases;
- a company presentation that stated
milestones without target dates, and;
- a Change of Director's Interest notice where
they acquired 20,000 more shares and disposed of 100,000 shares in the same
period.
(The latter was deeper within the
announcement and could easily be missed
if scanning.)
The higher the risk, the deeper the
research.
For example; with higher risk stock I
also make direct contact, ask questions,
listen/read between the lines, etc.
I am a people-person so I prefer to speak with
someone rather than communicate in writing. I can listen
for subtle voice intonations or hesitations (conviction or
deception).
I believe any company using shareholder
capital (someone else's money) for a 'might be/could be' should in good
conscience, welcome enquiries of this nature as an opportunity to avert
'buyers remorse' and reassure shareholders they've made a good
investment. If they can't or won't, the risk is too high for
me.
Regards,
Cris
----- 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."
> >
> >
> >
> >
> >
--------------------------------------------------------------------------
>--
> > 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/
|
