An excellent story for investors

[nunthewiser]

I too, was ripped by the GFC.
When it bounced back, I got mangled by Kevin Rudd's Great Big New Mining Tax.

No buddy. YOU got ripped by yourself....... You could of sold for a smaller loss , could have walked away .......but no .ya sat there like a bunny in a spotlight like 80% of the other bunnys out there......

i keep reading all these excuses for failure on a daily basis and its always someone elses fault or conditions out of your control........ bollox i say .....

YOU bought it.
YOU could have sold it.
YOU at fault for the losses
YOU will probably not accept this tho and continue to donate for the rest of your trading days.

but hey thats just fine.......just blame it on the next headline

 

[burglar]

No buddy. YOU got ripped by yourself.......

OK! I get that you're angry with me!

 

[nunthewiser]

OK! I get that your angry with me!

lol far from it.

i do think you talk crap however.

no offence intended

 

[burglar]

lol far from it.

i do think you talk crap however.

no offence intended

None taken ... I think?

 

[burglar]

Um, how? Considering the Great Big New mining tax isn't even in place yet?

I will not write more crap about the above!
Not to ignore your question, ...
but to hide my inability to hold an eloquent political debate.


Sheesh!
Another post I would pull if I could.

 

[tommymac]

And don't forget, that if price drops 3 cents, from that day the sp needs to increase by 3 cents, just to break even.

Very mature.

 

[burglar]

Very mature.

I stand rebuked!
You deserved a better response than that!

 

[Julia]

I will not write more crap about the above!
Not to ignore your question, ...
but to hide my inability to hold an eloquent political debate.


Sheesh!
Another post I would pull if I could.

I stand rebuked!
You deserved a better response than that!

burglar, your candour and honesty is refreshing, jeez, it's almost endearing

 

[againsthegrain]

I was one of the biggest ones around the easter bunny of the GFC hehe

Lesson learned!

 

[skc]

What's being debated here? Holding is a good strategy if you have the fundamentals correct? How can anyone even argue against that?

Throwing examples like MEO to support why fundamental investing / holding doesn't work is probably as silly as they come.

There is also so much myth and mis-understanding about fundamental investing...
I believe in fundamental analysis, but I also believe the term 'intrinsic value' is intrinsically incorrect. Value of a stock will always be relative.

I totally agree. There are going to be very few times that a company can fall by 30% and the fundamentals not changed.

MMS

 

[burglar]

lol far from it.

i do think you talk crap however.

no offence intended

How can I word it better?
I do not take responsibility for the GFC
I was not in the U.S. on that day.
However, I am responsible for my position before, during and after.
I am slow to react (and I don't have a problem with that).
I do not read newspapers.
I do not believe so called experts.

Unlike your good self, I have not yet reached the nineteenth hole.
I do take responsibility for the slice into the water hazard.
I do take responsibility for the wicked hook into the sand bunker.
They are reflected on my score card!!

See you later!

P.S. How do you like your eggs?

 

[burglar]

I totally agree. There are going to be very few times that a company can fall by 30% and the fundamentals not changed. The company may be able to come back and make a profit, but generally the does not like this company for a reason that may have been missed.

And don't forget, that if you make a 30% loss, from that day the sp needs to increase by 43%, just to break even.

There would be many reasons why an SP would drop 30%
The Market may drop.
The Sector may drop.
A prominent newspaper/magazine/broker/forum may recommend a sell.
These are outside influences which will probably not adversely affect the fundamentals.
In many such cases, bargain hunters will come out of the woodwork.

 

[tommymac]

There would be many reasons why an SP would drop 30%
The Market may drop.
The Sector may drop.
A prominent newspaper/magazine/broker/forum may recommend a sell.
These are outside influences which will probably not adversely affect the fundamentals.
In many such cases, bargain hunters will come out of the woodwork.

Below are my observations in the market. At the end of the day neither of us are wrong if we consider each trade on its own merits.

The market may drop - Agree
The sector may drop - Possibly
Recommendation - Disagree

If he market falls in general, then an individual share may fall aswell as the irrational herd mentality kicks in.

This too can also happen with individual sectors but if the fall is localised to the sector, then more often than not there would have been a change to the market that the company operates in thus affecting the fundamentals. From this challenges or opportunities could arise. So this could be good or bad for the company.

If a reputable broker etc. recommended a sell, they must be able to back up their recommendation. Assuming the market/sector hasn't taken a hit, then chances are something has changed. Whether the broker is right or wrong is another matter.