Forum Archive Index - October 2001

["Michael Phillips" <michael.p@paradise.net.nz>]

From: "nick"

> Last year i was tempted to buy FAP but the day i was going to
> buy they shot up 30c and i thought i had missed the boat.

This is one of my most guilty sins when it comes to buying shares.  I
see the price appreciate in a short space of time, so I take the stock
off my radar screen as I no longer consider it a bargain.  Needless to
say I have to give myself the odd kick a few weeks later as I watch the
value climb even higher.  I have only been accumulating stocks for two
and a half years, so there are still many lessons for me to learn...like
the one about not buying a stock just because you have a wee bit of
money burning a hole in your pocket and you don't think a particular
stock can go any lower (even though you don't really understand the
environment in which the stock is operating).  In recent times I have
reverted to a KISS approach for selecting stocks to watch, and I find
this sits better with me.

Regards
Michael
===


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