In the
words of Baldrick........."I have a cunning plan"
In
reality the average new share market participant is a guy called Mr Punter who, tired from driving 20K to
save 50c a kilo on lamb chops, pops into his local pub for a quick middy . There he meets a certain cab driver..... We
shall call the cab driver Pink Fluffy Bunny to avoid getting sued. PFB, as he is known to his mates, knows someone who knows
a driller who is working on an exploration site for Dodgy Resources Dot Com Pty Ltd. Guess what...touch nose quiet East
London Pommie voice ..."they've found more gold than you would find
at a rappers conference..........dead set". But for reasons he can't mention it won't be announced till next week.
(Rule1)
Mr.
Punter tries to look cool says a quick goodbye and jumps into his car. The one he did 2 months of research on, read every
car mag, waited till Christmas Eve to buy and played all the dealers off against each other to get an amazing price on.
Drives back home.... the one he carefully bought just before the area took off. Boy is he excited. (Rule9)
Mr.
Punter has been thinking of doing shares for a long time...he has some AMP got them free....bloody things were $20... $6 now
so can't sell them till they get back to $20.....useless bastards! (Rule6)
(Rule10)
Mr.
Punter fills out his online broker application form, waits an agonizing few days till his account is set up and
watches as Dodgy Mining, which was 2c six months ago, climbs to 7c then 8c then 9c. It's going up, there are a huge
number of trades it must be good. On the day his account is ready the share jumps on open to 12c. There are only ten
sellers left (Rule7)t his thing must be going to a dollar minimum.
Mr. Punters not gonna miss out (Rule9)he buys at market gets some
at 13c and some at 13.5 but phew got them just in time. And as it's a dead cert, after all he has inside info, got
all $50,000 his entire trading capital on the winner. (Rule5)
Ok
the plot is about as easy to guess as an episode of The Bill so you know what happens next.
Out
of nowhere big sell orders come in and the price is back to 11c where it closes. Next few days it goes back to 9c but Mr.
Punter's got balls it will be ok when the announcement comes out.(Rule6)
Next few days it creeps back up to 11c but there are lots of sellers....they must be nuts selling before the announcement. (Rule8)There are lots of traders on the chat site saying Dodgy Mining got to be worth 30c
minimum(Rule4) (Rule3)....all seem to write with a slight East London pommie accent.
The
day arrives.... stock halted.... announces promising intersections and grams per tonne stuff...got to be good...............AAAAAAHHHHHH
in come the sellers and all those big bids for 100,000 vanish in a puff of smoke (Rule7) and
by afternoon the stock is at 6c. Mr. Punter can't sell (Rule6) he'd
do $25,000 down the dunny, the Mrs. would take the bread knife to him for sure. So he hangs on for a couple of months
as Dodgy Mining wobbles down to 4c then 3.5c. It has a bit of a run up to 6c but Mr. Punter hangs on
(Rule10)...after all he needs 13c. 18 months later it sits back at 2c,
where it first came from its been there for a year now. Mr. Punter just looks occasionally cos it hurts to look. That time
it was 6c...would take that now after all $20,000 is $20,000.
