springhill
Make the drill work for YOU
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I invite you here to vent your spleen (nicely) about poorly performing shares and terribly unworthy ASX announcements and/or drill results.
Dud Shares & Disappointing Announcements
- Thread starter springhill
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springhill
Make the drill work for YOU
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I'll start proceedings by saying i wish i never threw any money into NHM what is the purpose of this company other than to take up another line in the West Australian Mining & Oil share section?!?! Can't wait to see the back of this one!!
Coles Myer - told the private equity group to get nicked last year and told shareholders they could do better themselves. Set targets and have reported abysmal results since, losing huge market share to WOW. Then the penny dropped and they actually realised they were incompetent. So WES is kicking the tyres and Coles begs the private equity guys to come back and create competitive pressure in an auction, in fact, pays them to do the due diligence! But the private equity group knows it's a stinker and walks away and WES gets the lollies.....and I bet Fletcher and the Board will still walk away with massive incentive bonuses for costing their shareholders billions.....
btw I don't hold Coles, never have, but it has been farcical to watch.
UMike
Klutzing in Thai
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API - First the missing millions (about 25) of $, then the rejection of a takeover offer from Sigma, and Now around $10 million operating loss.
I'm definitely avoiding this stock.
I'm definitely avoiding this stock.
UMike
Klutzing in Thai
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While I'm at it......
SEN just continues to disappoint.
18 mths ago it was about 80c. 6 mths ago it was about 40c and Now is about 12-13c.
I don't see anything too fundamentally wrong with this company (stopped following this share a few months ago) but After arguing with "Mr Market" decided too avoid this also. Can't pick the bottom of this one at all.
SEN just continues to disappoint.
18 mths ago it was about 80c. 6 mths ago it was about 40c and Now is about 12-13c.
I don't see anything too fundamentally wrong with this company (stopped following this share a few months ago) but After arguing with "Mr Market" decided too avoid this also. Can't pick the bottom of this one at all.
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two stocks jump to mind.First EXT.Just a big fat DOG.Milk shareholders.Second emperor mines,just bad news after bad news after bad news,glad i bailed out,but took a big loss.I thought they would fly,and they did,but in the wrong direction.I expect them to disappear.
EXT Suck!
EXT Suck!
I don't know about the second stock but definitely EXT are terrible... UXA are also crappy as they claim to silver when really they have silver and tungsten contamination from the drilling...
At one stage I was thinking of buying into EMP, but then I looked at there balance sheet and they have more LIABILITIES than ASSETS, a big nono.
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At the risk of getting shouted down I rue the day I heard of INL. A 35% loss and I still have them. Stupid but true. I should have sold in June and taken the loss however have a hope that one day they will deliver.
I bought into SDI and have been disappointed for YEARS. bought at $1.80 and are now at 50c. have thrown good money after bad lowering the avg purchase price and when they dived again recently i was really #$%sed off. dont know why im still hangin on...
UMike,
I hold a small parcel of these. I am still just ahead. Held throughout the rise up to around 90c and still do. Can't bring myself to sell them until they go up again (I think emotions aren't supposed to play a part in trading). Although I have little knowledge of the market, I agree that the fundamentals of this company don't seem that bad. I think they had been making money up until the last year and I don't think they have any great debt. They have also picked up some awards of late. I guess that doesn't necessarily translate into a higher share price.
Julia
In Memoriam
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This is the whole point. It doesn't much matter what awards a company acquires, or how fantastic the fundamentals are, if market sentiment isn't recognising this. If your aim is to make money (and of course it is), all that matters is the share price.
I've done this too: holding on to a share whilst it falls into oblivion.
At one stage I even had the naive idea that because it had reached a certain point it would eventually return to that high. Totally untrue.
Any share can turn into a dog. Don't give them kennel space.
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here's one for the record books, AKK, bought in at 0.40-0.60-0.85-1.05 over a 3 month period, with the expectation of greater things to come. Boy, how things can turn around. Took a huge loss on this one, but in all honesty, I am wearing 90% of the blame. I should have bailed alot earlier than I did, but that's all part of the learning curve isn't it.
Well here,s one for you
,LAST week actually the 11 th july I sold all my dud shares I've been holding them for ages ,waiting for them to come back up ,make a new discovery or something you all know what i mean,Been THere? They were LIO VPE LEG & afew free options accumulated over the last few years realising a $18 604.08 loss. I received about $31,ooo , THe same day I bought CUL 350,000 @8.5c
$29,832, and yesterday i sold cul @ 15c realising$52 750 a $ 21 000 gain in 14 days so I guess it does pay to sell up & move on.
There are many opportunities out there at the moment so seek and you shall find
I'm not perfect though still holding SENI'll deal with that another day
And heres to YT for CUL:bier:
,LAST week actually the 11 th july I sold all my dud shares I've been holding them for ages ,waiting for them to come back up ,make a new discovery or something you all know what i mean,Been THere? They were LIO VPE LEG & afew free options accumulated over the last few years realising a $18 604.08 loss. I received about $31,ooo , THe same day I bought CUL 350,000 @8.5c
$29,832, and yesterday i sold cul @ 15c realising$52 750 a $ 21 000 gain in 14 days so I guess it does pay to sell up & move on.
There are many opportunities out there at the moment so seek and you shall find
I'm not perfect though still holding SEN
I'll deal with that another dayAnd heres to YT for CUL:bier:
