Forum Archive Index - May 2001

["nick" <helmett@xtra.co.nz>]

    With all due respect you are talking through your
backside.  I have noticed in the last few weeks something rather disturbing
on
this group.  When a company has a setback there seem to be quite a few
chatters
who surface, with the told you so mentality. Whats worse is that
they seem to be taking some pleasure in a stocks demise.
         Wake up. Any idiot can be wise after the event . As can be seen
from
the investor challenge the so called professionals are doing no
better than the sharechat growth index.
          None of us can predict the future, bad events can affect any stock
maybe yours will be next. I have had  a good level of success over many
years
with my stock picking strategy, of course there are winners and losers
yet over twenty years i have realised one thing above all other
and that is to expect the unexpected.

 nick
      ,


> As an investor with  many years of hard learnt lessons, I have observed
the
> bullish comments on Frucor in sharechat in the last three months since the
> first downgrade with considerable amusement ... all the classic investment
> mistakes that can only be made by amateurs who fancy themselves experts
have
> been repeated time and again!
>
> I can only repeat my advice - don't touch Frucor until you see the first
> profit upgrade from this company. You would have had more fun burning your
> funds invested in this stock dollar by dollar than watching it go down the
> proverbial!
>
> As they say in the trade  - The easiest money to be made is always going
to
> be from the new arrivals to the market after a Bull Market (we had one in
IT
> stocks over 1999/2000 before it crashed).
>
> Defination of a Bull Market? A random market movement causing an investor
to
> mistake himself for a financial genius.  Sounds familiar, doesn't it?
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