got that feeling, page-56

I was one of those who bought from the IPO allocation. I am not sorry for giving Myr a go and certainly don't cry the poor me. Everybody has their own reasoning. I didn't motgage the house - in fact it was a small commitment. Most of my money was returned to cash mid October. The decision for Myer was made back in early October when the opportunity arose and it was made due to the size of the float and also the chance that there would be a small stag profit (as well as a couple of other factors).

Yes - I don't agree with a long term investment in Myr at those prices(but that was not my plan). I weighed up many scenarios and in the end decided to give it a go.

The dow fall on Friday night (as well as the asx fall mid week) came at a bad time, but was not unexpected.

I lost 6% as I kept to my trading plan and sold. That to me is acceptable and not a shock horror end of world scenario that some are implying. I am wondering how many other people lost that kind of return on speculation over the last week in other stocks?? I could say I told you so to a vast majority of the market, but that's life in the ASX Casino.

As for where Myer is headed - a lot of that depends on the wider market's direction, if things remain the same; short term I think Myr will hold at these levels and perhaps even move closer to the IPO price as the sellers abate. There will be a gentle slide from there until the forecasts are proven or otherwise. If this is indeed a correction as many suggest, then Myer, bank or otherwise won't be immune from the wrath. Just my thoughts - the next few weeks will be interesting though.

I intend on looking for another horse to get back onto - the cup is only moments away it'll probably cost me more than the 6%, but i don't expect any knockers to be sitting there going what made you think Roman Emperor had a chance.