Friday, June 15, 2007

NAV - update

NAV rose to 1.29 ...

also, and when I write these four events happened or are happening:

First Shaun Altman is back with his huge sell orders in different stocks like HCL.

Then secondly Nicholas Portocarreo from Ginko bank thinks he has to gift us with a 1 million share package in HCL after he bought everything he could get but drop them for dumping prices. And then suddenly the order is gone again..vanished into nirwana.

Third, shares prices in AIC and AVIX think they have to climb just after I sold important amounts in order to balance my accounts a bit.

And forth, suddenly MFM make a 50% drop just to be bought entirely by one person. Good for him of course and the prices are up again...

What should I say? Is this a normal day at WSE or AVIX or a sign that the markets are not yet mature or to keep the hands off or a green light to invest?

I'm quite stubborn. I'm convinced that all these stock exchange markets in SL make sense and logically have a future. If you have the same conviction than invest in LEM or LFB or you become afraid... You also can choose after shares of course...LOL.

To be more serious. I'm persuaded that Shaun, Nick, Midas and the AVIX team had good reasons to do what they did, do or will do. There is no problem with this. However, as we are all still in the start phase of all these stock exchanges, we have to be careful and learn about the circumstances these markets bring us in to. Solution will then come along easily. At least I hope so.

WSE is great but it has still a lack of communication. Reporting after three month time are not sufficient as the life cycles in SL are much shorter than in RL. Also it makes no sense to publish data only on the volume. More important are the number of investors and the amount of money they invest etc..Is the market growing or decreasing?

And for AVIX. Well they try to give a picture as they are the most honorable stock exchange market in SL. May be they are as their your system is really user friendly and the criteria they apply for new bees are though enough to keep away most of the possible scam, but there are things they might improve, like list the main share holders and their recent movements as WSE is doing. Either you open all doors for insider business...

Anyway, guess I had a too heavy supper or a glass of wine to much or got lost in my thoughts...up to you to decide...lol...I was recently in Cologne, Germany and they have a famous phrase there - who knows what it is good for.

You have to read my statements that way and of course I'm not unhappy about the development of the share value of LEM- moderate but steadily and hope for all of us only the best.

Greetz
Casper Trebuchet
Chairman
Lemur Invest (LEM)
http://lemurinvest.blogspot.com
White Mall Island, Saya Sakai Inc (79, 119, 43)

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