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 | | From: | Peter | | Subject: | Metal Storm | | Date: | Wed, 19 Jan 2005 16:40:58 +1100 |
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 | I must admit that this wasn't one of my better picks. Still, I only
spent a thousand dollars on it and maybe maybe it will go up again.
Typically I put $20K into a stock and see how it goes, but Metal Storm
looked like a high risk proposition. Santos and Gazal both did very well
- my best performers. P&O has gone up 25% in a year and pays nice
dividends.
NAB was doing great until their little scandal with foreign investments,
but at least it's climbed back up to what I paid for it.
Lake was a bit of a clunker. Bought at what Dolby eventually offered for
it, and so there was no profit in it. I expect Metal Storm to go the
same way. Someone will wait until they are desperate and make a takeover
offer based on their average price over the previous year, which will be
around 25c a share I guess. Oh well, at least I won't have dropped too
much!
Managed to be on board for the National Foods and WMC takeover offers,
That was a nice little earner in an exciting day!
All told, for every non-performer like Metal Storm or Lake, I've got two
or three that pay well. Which is about what you'd expect given the
current strength of the market.
Pete, certainly no market wizard, but doing nicely, thanks!
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| | From: | SkySkum | | Subject: | Re: Metal Storm | | Date: | 19 Jan 2005 06:22:58 -0800 |
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Ms Leebee wrote:
> no need to justify yourself to us ;)
> It makes you sound like someone else who hates to be seen as the
> underachiever ;)
You certainly have a bug up your arse about Bevan, don't you?
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| | From: | Peter | | Subject: | Re: Metal Storm | | Date: | Thu, 20 Jan 2005 01:43:54 +1100 |
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| In article <1106144578.426302.111620@f14g2000cwb.googlegroups.com>,
SkySkum says...
>
> Ms Leebee wrote:
>
> > no need to justify yourself to us ;)
> > It makes you sound like someone else who hates to be seen as the
> > underachiever ;)
> You certainly have a bug up your arse about Bevan, don't you?
Lucas, the dam' thing's at 24 and a half cents and the trend is solidly
downhill. I might have blown five hundred bucks, but you've got your
entire fortune tied up in this turkey. It's not going to declare a
dividend any time soon and the market doesn't think much of its
prospects. Short of some mass act of rumour-fed madness, the only way to
make money from Metal Storm is to play off the cents and half cents as
it slides ever downwards.
Eventually someone like Colt will pick it up for the patents, and they
aren't going to be offering anything like what you and I paid for it.
Get real.
Pete
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| | From: | Ms Leebee | | Subject: | Re: Metal Storm | | Date: | Wed, 19 Jan 2005 18:27:19 +1100 |
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| Peter wrote:
> Pete, certainly no market wizard, but doing nicely, thanks!
no need to justify yourself to us ;)
It makes you sound like someone else who hates to be seen as the
underachiever ;)
--
Liars when they speak the truth are not believed
- Aristotle
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| | From: | Peter | | Subject: | Re: Metal Storm | | Date: | Wed, 19 Jan 2005 20:11:57 +1100 |
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| In article <356gasF4iutsfU1@individual.net>, Ms Leebee says...
> Peter wrote:
>
>
>
> > Pete, certainly no market wizard, but doing nicely, thanks!
>
> no need to justify yourself to us ;)
> It makes you sound like someone else who hates to be seen as the
> underachiever ;)
Mark Latham?
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