Monday, May 24, 2010

May 21 2010 all global indices fell- and FNT

If you watch the financial news you'll hear that on Monday 24 May 2010, everything was rising again and tv newsreaders will say that the market rose by ..4% for example.BUT IT ROSE from its worst low since july 2009!
at 4330 it's still nowhere near its most recent high ..over 7000 points in Nov 2007.
Its like facing a set of stairs. there is still a long way to the top and it might take 18 months to 2 years IF there are no more taxes, wars, drought, political unrest, volcanoes, major disease etc...
There will always be some companies rising when others fail but you need to do a lot of research, and then have some luck.
you could help yourself by watching the Price sensitive announcements (PSA)on the home page of the asx. and then chart them to see if you think they might attract predator buyers who will push the price up.. and remember this quote,
The Best of Times -- the Worst of Times

In 1859, Charles Dickens wrote in 'A Tale of Two Cities':

"It was the best of times, it was the worst of times; it was the age of wisdom; it was the age of foolishness; it was the epoch of belief, it was the epoch of incredulity; it was the season of Light, it was the season of Darkness; it was the spring of hope, it was the winter of despair ..."

be cautious, be careful and judge wisely.

FNT Frontier resources is a gold miner in New Guinea, therefore not concerned about the Aussie Govt's proposed 40% resource tax. They claim they have had some good results. Yesterday they had a Price sensitive announcement and were at .075 when I bought some. Worth buying a small parcel,under ten cents and promising..

Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Risk Asset Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.

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We are not financial advisors. We are asset management Risk consultants. We try to help you to make sense of the sharemarket minefield. You MUST take your own risks and make your own decisions. Therefore you must do your own research. Any comments shown are not those of the owners of Megamoneybox or subsidiary companies.