Forum Archive Index - August 2000

[Brian Gale <brigale@i4free.co.nz>]

You are right, of course, Moose. The quandary for those of us who bought in 
is whether to hold or sell and come back later because nothing much is 
going to happen in the short term.

I often think the whole sharemarket scenario is like some obscure chess 
game in which the small investor is like a pawn; where the key players the 
knights, bishops and rooks ( I won't attempt to designate who's who ) 
dictate the action - often sweeping the little pawns off the board.  Most 
of the time we are bystanders waiting to see what happens next in the 
larger action or trying  to make decisions which fit in  with the game. To 
make it even more difficult the big players don't always play fair or 
change the rules.

Regards
Brian



At 20:09 30-08-00 +1200, you wrote:
>How enthusiastic were the institutions for this issue? Was the
>hype driven by us Joe Public's and the enthusiasm not shared by
>the big boys?
>I believe individual stock price trends are underpinned by the
>interest of (or lack of) institutions. Us small investors have not the
>volume of throughput to sustain a price movement or trend for a
>length of time.
>Does this make any sense??
>I also wonder if buyers have decided to tread warily along the
>Watson & friends path in the wake of the Aquaria disaster.
>If Baycorps success is a guide and RMG can eventually achieve
>similar results there is plenty of time to get on board once some
>runs are on the board.
>
>Regards,
>Moose
>
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