Forum Archive Index - February 2004

["secondstep70" <secondstep70@hotmail.com>]

Shayne,

Your honesty and enthusiasm gives you potential to make money at this game,
but I'm not sure you have a game plan.

All the stocks you own have been in the news for poor performance!

I'd suggest get down to the bookstore and do some reading. There are some
great books out there that let you focus on trading/investing with a plan.
My fortunes reversed after reading Thark's, 'Trade your way to financial
freedom'.


Good luck,
Chris



----- Original Message -----
From: "Shayne King" <shayne_king1@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, February 21, 2004 9:01 AM
Subject: [sharechat] My troubled portfolio......


> Just thought i would share the dissappointments of my portfolio with you
> all. I have faith though, its current losses only represent its current
> market value, not actual realised gains/losses. My portfolio consists of
> AIR, BGR, IHG (ASX), RMG and TWR. Indicators of were i bought at was 1.05,
> 1.50, 49.5c, 8c and 1.17. I have taken some massive paper losses on AIR,
RMG
> and IHG. I have yet to see the outcome of my purchase into BGR and TWR are
> proving to worth their value. AIR was my biggest mistake. I rushed into
that
> purchase and only have myself to blame. I have learnt from my mistakes,
> however ,jumped into a new one when i purchase RMG. RMG has potential and
> perhaps the future will be brighter. They have a lot to prove to the
market
> because ever since its public issue, it has been a disaster. Jim Boult,
the
> famous Baycorp CEO proved his talents did not extend outside of the people
> he worked with when with Baycorp. His performance with RMG was shocking.
He
> seem to only create problems for the company of which are only now being
> fixed. RMG are a small player in the market but as Baycorp have singnalled
> just recently, the market looks a little better so hopefully some of that
> will filter down to RMG.
> IHG is another bundle of joy. Filled with so much potential for growth
> (check out Ingenico (Euronext) and Provenco (NZX)) it just seems to sit
> there and look sad. Its current price to me is undervalued and hence i
will
> acquire some more. It has had nothing but positive news however, the
market
> needs some assurance. hopefully its next financials will give this
> assurance. GPG's stake in IHG also adds some hope. Volumes are down, and
its
> price has been in a downtrend since october 2003 after it reached its
high.
> COME ON IHG, FOR THE CHILDREN!!!!
> TWR is my favourite. But only because its up 17% for me. It is clearly out
> of favour with the market, and again has alot to prove. Out of favour
stocks
> however do give an opportunity for big gains.For example, check out
Baycorp.
> There stock had been underperforming for about one year. Its acquistions
and
> profit downgrades lead the stock to fall in value. At its lowest point,
even
> though news wasnt so good, it still had value. Since august last year this
> stock has become a favourite again. A bit of good news, all of which the
> market new it was capable of, and the share price rebounded. I hope TWR
can
> follow in the same footsteps. It was in a downward trend until may of 2003
> and since then has showed signs of a recovery.
> BGR was may latest purchase. My reason for buying was simple. Revenue was
up
> over the past two years of about 14 and 16%. profit was up 34 and 40% of
the
> last two years. If profit increases for the 2004 year of say 28% (min) and
> since 60% of profit is paid out as dividend, that will give a yeild of 5%
> based on its stock price of 1.50. I am happy with that yeild. of course
they
> have to make not only a prfit, but an increase. has anyone ever tracked
WHS
> stock chart with BGR? it seems BGR stock price always falls before WHS and
> when BGR does fall it falls a lot but then WHS falls just as much but
later.
> check it out, it will explain what i am trying to say.
> As for the future of my portfolio..........we will see. I believe in RMG,
> TWR, IHG, and BGR for future gains however as for AIR, they can bite me
>
> _________________________________________________________________
> Gaming galore at  http://xtramsn.co.nz/gaming !
>
>
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