Investment and other financial matters

Australian Stocks: If You Have Questions, Please Ask Me

Hello!

As a highly motivated and enthusiastic stock-broker, I
encourage anybody with a genuine interest in Australian
shares and/or derivatives to send some email to me containing
anything that they wish to discuss or ask.

Whether it be information on specific companies or general
investment guidance, I will gladly respond to all queries to
the best of my abilities.  I prefer to correspond via email
rather than on the newsgroup as investment strategies tend to be
individual, and there is risk in presenting advice to a wide
audience or readership on a newsgroup where it may not apply
equally to everybody’s unique situation.

If anybody has any objection to this invitation which is
supplied with the most sincere of intentions, please email
this to me as well, as I do not want to misuse the spirit
of this forum for soliciting clients, but hope that I can
be of real benefit to people who are seeking straightforward
advice in the area of stock market investment.

Many thanks,
Jonathan.

.
posted by admin in Uncategorized and have Comments (3)

3 Responses to “Australian Stocks: If You Have Questions, Please Ask Me”

  1. admin says:

    In article <51mf9a$…@opera.iinet.net.au>, jf…@iinet.net.au (Faye & Jon Kur) says:

    >Hello!

    >As a highly motivated and enthusiastic stock-broker, I
    >encourage anybody with a genuine interest in Australian
    >shares and/or derivatives to send some email to me containing
    >anything that they wish to discuss or ask.

    Jon Kur,

    I don’t know if you remember this little email you posted some time back.
    At the time I thought it was just some smartarse having a laugh at my
    expense so I let it pass. Now that I know that you are a "highly
    motivated and enthusiastic stockbroker" I’m starting to wonder what
    your motive was in putting me down. You didn’t tell us at that time
    that you were a highly motivated stockbroker, in fact you told us that
    you were a computer programmer. I wonder what you’ll be next week.

                                       Gerry Pauley

    jf…@iinet.net.au (Faye & Jon Kur) writes:
    I think Gerry Pauley’s having a go at us, trying to make us believe he
    has picked a winner with Palmer Corp when less than 60,000 shares have
    traded all year (average 10,000 shares a week for the last 6 weeks).

    That means if anybody wanted to buy (or sell) a decent amount, they
    would dwarf the volume for the last 6 weeks.  There is no liquidity and
    to value them at 25c in his nominal portfolio is misleading as it
    appears that he is the only buyer in Australia of this stock.

    That is not to say that it wont turn out a great pick, I know nothing
    about the stock and have no reason to doubt that it is fundamentally
    undervalued but there is no evidence so far of any market wizardry
    having been displayed and if Gerry wants to maintain any credibility, I
    feel that he should avoid illiquid stocks from his portfolio because in
    real life, he couldnt unload them for the prices that he is carrying
    them at.

    On the other hand, (I hope this is not too hypocritical), I did
    download Gerry’s graphing stuff and (as I am a computer programmer) I
    think it is very good.  Overall, I think everybody appreciates the time
    and effort that Gerry puts into his research and contributions to the
    world of Australian finance on the Net.

    Jon.

  2. admin says:

    Gerry Pauley,

    Sincere appologies for any offensive connotations that you may have read
    into my mail months ago  -  I tried to say it in a nice way and mentioned
    that I did appreciate the time and effort that you put into your web page.

    My comments were motivated by certain facts which I still maintain are
    relevant, these being :-

    1. Liquidity.  If you have in your notional portfolio, a stock in which
       you hold say 40,000 shares which you value at 25c (total value=$10,000)
       and I can see that in real life there is only one buyer for 1,000 shares
       then I don’t think that your investment is really worth $10,000.

    2. At the time, I felt it was misleading to compare your portfolio returns
       to that of the All Industrial Index when 99% of your profits (rough
       figure) were made on your punt on DMR which is a resource company.
       I now concede that your portfolio is doing very well and give full credit
       where credit is due.

    3. You don’t include any transaction costs.  I could easilly give a day
       trading notional portfolio that would make heaps of theoretical money
       but would probably not cover costs in the real world.

    4. I hear so many people tell me that they have been playing the market
       "on paper" for a long time and doing very well, yet when they come to
       do it for real, they find it is a totally different ball-game.  I am
       sceptical of the value of notional portfolios because of the many
       psychological and practical challenges facing investors trading with
       real money.

    For your interest, I have a First Class Honours Degree in Computer Science
    from the University of Western Australia and operated a computer software
    business for 5 years before becoming a stock-broker.  I have always had
    an enthusiasm for the stock-market and have been studying with the
    Securities Institute of Australia, doing  a ‘Graduate Diploma in Applied
    Finance and Investment’ to refine my skills.
    I am now an Authorised Representative of Hogan & Partners, a Perth-based
    Member of the Australian Stock Exchange, so I feel that none of my previous
    comments about myself were misleading.

    Keep up the good work and, once again, appologies if my comments appeared
    to contain malice  -  they certainly were not intended that way.  In all
    honesty though, you did appear to be slightly egotistical and obsessed
    with the "hit-rate" on your web page, and the mischevious part of my
    character thought that a bit of provoking could get a reaction out of you.

    All in good fun!
    Regards,
    Jon.

  3. admin says:

    On 20-Sep-96 01:06:46 Faye & Jon Kur <jf…@iinet.net.au> wrote:

    >Gerry Pauley,
    >Sincere appologies for any offensive connotations that you may have read
    >into my mail months ago  -  I tried to say it in a nice way and mentioned
    >that I did appreciate the time and effort that you put into your web page.
    >My comments were motivated by certain facts which I still maintain are
    >relevant, these being :-
    >1. Liquidity.  If you have in your notional portfolio, a stock in which
    >   you hold say 40,000 shares which you value at 25c (total value=$10,000)
    >   and I can see that in real life there is only one buyer for 1,000 shares
    >   then I don’t think that your investment is really worth $10,000.

    How on earth can you determine the number of (possible!) buyers? And, of
    course, you make no mention of what share price the buyer(s!) would purchase
    at.

    >3. You don’t include any transaction costs.  I could easilly give a day
    >   trading notional portfolio that would make heaps of theoretical money
    >   but would probably not cover costs in the real world.

    Yeah, if you use a house whose brokerage is "heaps"….


                              Angus Mann, Sydney Australia
                            eMail: am…@postbox.usyd.edu.au
                               Finger for PGP public key
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