From: phil.dump@pgbrokers.co.uk
To: e-trader@stella-am.com
Subject: Re: Time to buy.

Not sure you got your timing too good on that call. It’s been a bloodbath in the market – can’t remember it like this since 1987. I wish I was skiing.

From: e-trader@stella-am.com
To: george.lark@virgin.net
Subject: Re: A good lunch.

Sorry to cancel – again – but you must understand how tough it is. Just my luck that I decided to put some money in last week, although the shares I picked haven’t fared badly. Pity I didn’t buy some Northern Rock for a trade!

From: e-trader@stella-am.com
To: shirley.w@constellationif.com
Subject: Re: Can we meet?

I bet you didn’t expect a baptism of fire like this! You must still have been at university when the market last nosedived in this way. What does Victoria make of it all? We’d better meet when it all calms down.

From: e-trader@stella-am.com
To: peregrine@mhcc.co.uk
Subject: Are you mad?

I have better things to do with my time than dance in and out of studios to give the great unwashed the benefit of my views on a market that is falling down around my ears. The answer is no.

From: Victoria.ovantine@constell.com
To: e-trader@stella-am.com
Subject: Are you coping?

I picked a great time to jump ship, didn’t I? All our funds are on a bid basis and money is flowing out. We have a property fund closed to redemptions. I hope you’re having a better time than me. I like Shirley, by the way. I hear you’re related.

From: hugh.golder@stella-am.com
To: e-trader@stella-am.com
Subject: Promoting ourselves.

I agree with you and I bet you didn’t expect to hear that! I’ve asked Peregrine in for a serious chat and I’ll explain we’re bringing communications in house. I’ve hired a really feisty PR lady. You must meet her – she’s your cup of tea.

To be continued…