AIR - Air NZ.

[metro]

what?

RMB: that's not trading, its not what I call investment the only word I can use for it is stupidity!

You picked a falling stock in a raging bull market. That's truly outstanding work!
Once you had the stock....What happened to the stop loss on the way down? what happened to the target buy on the way up?
more outstanding work!

43%? over how many years?

Air NZ has performed extremely well of late mainly due to Australian institutional buying. And don't say that's why you held coz no research of the type individuals do can predict that.

Luckily the last four or five years has been a bull market...so far your "buy and blindly hold strategy" has seen you not lose your shirt...how will you get on in a bear market...I'd hate to think!

Is this indicative of your other investments? Hand your Guru stars back now! You should be ashamed of youself! Bad RMB!

Disc: just a wind-up

[scamper]

steady on, metro ol' chum.
scamper has the monopoly on stupidity on this page -- the brave one was just being encouraging.

i'd be interested to know if anyone else is prepared to confess to outrageous unit prices of AIR share bundles that rotted in bottom drawers for yonks. I'd give you a target to aim for, but metro seems a bit grumpy...

[metro]

scamper dont worry i was just winding up my old mate robert.
Just a bit jealous he lives in Japan with all those asian ladies whereas i have to "bear" a New Zealand summer

At least i dont call myself a "guru" i'm a simple "member"

[Footsie]

metro

would you ever seriously consider investing in an airline "long term" ie 2+ years?

i personally wouldnt.... something about airlines,....... the industry is just too volatile

[metro]

in a word....no! But it was RMB's strategy to invest in AIR (and worse blindly hold). Everyone has their own sharemarket strategy. Each to their own. But I like benefitting from other people's "strategies".

[rmbbrave]

Metro,

No one can predict the future not TAers not FAer's - No one.

I had a go at bottom picking and missed by quite a way.

30 June 2005 I thought AIR was at its bottom so bought a few at 1.43

After that it went down to 1.10 so I was mistaken as to the bottom.

So when has Scamper every successfully picked the bottom I wonder?

Any way 3 dividend payments and 18 months later I'm up 42% (at todays close - not including divies)

Not a bad return for 1.5 years if you ask me!

[rmbbrave]

quote:Originally posted by metro

in a word....no! But it was RMB's strategy to invest in AIR (and worse blindly hold). Everyone has their own sharemarket strategy. Each to their own. But I like benefitting from other people's "strategies".

What's RMB's strategy? you ask.

"To make money any way possible" RMB replies.

In AIR's case 80 % of the shares are held by 1 institution that aint selling - ie NZ INC.

So only 20% are available to the public.

I thought that when sentiment changed on AIR the shares available to buy would not be enough for the punters who wanted to buy them.

Very simple.

Was I right?

Who knows? But I'm up 42% in 1.5 years - so suck my fat one.

And Warren Buffet says "never buy airlines"

He can suck my fat one too.

[metro]

do you have an exit strategy?

and you sure NZ Inc aren't selling?

[Steve]

It appears that AIRNZ has inadvertantly got into censorship now

Air NZ bleeps out movie's references to 'God'
Air NZ spokeswoman Pam Wong confirmed references to God had been deleted from its in-flight screening of The Queen on that particular journey but this was not the airline's policy.

[scamper]

Nah, scamper's never successfully picked the bottom (or anywhere near it). have sold close to some temporary highs, and have had a couple of great escapes selling just before a sharp downturn. just enough deliberate moves that have worked well and encourage continuance...

it's taken me several decades to learn that keeping one's dosh in the bank waiting for 'a good time' is an ok strategy...