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Forum Archive Index - March 2001

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Re: [sharechat] AIRVA


From: "tennyson@caverock.net.nz" <tennyson@caverock.net.nz>
Date: Thu, 29 Mar 2001 10:35:22 +0000


>
> Is there any MORE downside to Air NZ?  
>


That depends...

If you hang on, there is.  If you sell out it has hit the bottom and 
you will miss the turning point ;-).  

And you thought you were but one insignificant shareholder....
See how much power you have on the market?


>
> Given that I've already lost
> value, should I just hang in there?  
>


Whether you have lost value is not relevant in itself from an 
investment point of view.  The question is, have circumstances 
changed sufficiently since you bought the shares to make your 
original 'buy' decision wrong.

I see that Krypt Or has asked me for specific  opinion on AIR, so it 
might be time to dive into my archives again....


>
>In the past I've thought, "oh
> no my shares are dropping" and I've sold only to see them
> immediately rise again.  Don't know why I remain interested in the
> market, mostly it's been a big black hole that I've been throwing
> money into!  Currently hold AIRVA, AFF,FFS.  
> 


How did you choose those three?

That is *way too risky* a spread for a portfolio of shares for an 
investor IMHO.    None of those companies are paying dividends, 
except for AirNZ which isn't making any money.  So the dividend they 
are paying, in effect, is just paying you some of your capital back, 
which you are taxed on!   This means that fundamentally the only 
way to make money on those shares is to find a bigger fool to buy 
them.   Until, that is,  they return to profit with some free cash 
flow, which will be........ (the reason why the share prices are 
depressed for those 3 shares is that no-one knows how to end this 
sentence, and the markets hate uncertainty).  SNOOPY



---------------------------------
Message sent by Snoopy 
e-mail  tennyson@caverock.net.nz
on Pegasus Mail version 2.55
----------------------------------
"You can tell me I'm wrong twice, 
but that still only makes me wrong once."


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References

 
Messages by Date [ Next by Date: [sharechat] Calculating growth rates David Hawthorne
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