QTM
MANY years ago
bought the wrong end of a team inspired sting due to pure greed.
caught with pants down and cost me 46%
i still have the tshirt
Taught me a valuable lesson though.
Thank you for the insight, Gringotts BankToo embarrassed to say my biggest loss. Was an absolute whopper.
On a related note - lol - a quite reliable contrarian sentiment indicator is Hotcopper. Some examples are:
1. when posters start threads such as "predict today's closing price" "what will it open at tomorrow?"
2. share price stalls and posters start rationalising by repeating how good the fundamentals are. "10 reasons why I am holding" - type of post. The words are positive, the sentiment is desperate.
3. Someone posts a negative comment and gets hammered by the others and moderated for down-ramping by a moderator who holds the same stock.
At $30.00 for the shirt plus freight $5.00, you owe me $35.00 plus interest at 8% compounding........ .
My missus bagged me for losing out on qtm
Im on a mission from God.
I think at least a tshirt donation is appropriate
I reckon CVI fits all of the above.
Although I'm "only" $3K out of pocket, I'd rather not say what I'd like to do to Mr Smythe and even more so to the persuasive eggspurt that talked me into it.
Yes, I know - it's my own fault and responsibility and I've been kicking myself more than anybody else
QTM
MANY years ago
bought the wrong end of a team inspired sting due to pure greed.
caught with pants down and cost me 46%
i still have the tshirt
Taught me a valuable lesson though.
Liquidity issue too, you cant place a stop thats triggers a sell for 10% of the market cap
SQ, Pls elaborate, preferably in monosyllables and without excess jargon.
Afterall, I'm only a humble burglar and newbie !
SQ might perhaps be refering to the fact that stop losses cannot always be placed to protect oneself, especially with low liquidity stocks.
Same if they gap thru your stop, normally as a result of a Trading Halt.
With repect to earlier ref to BEPPA was an ASX code, not anymore
Thanks AWG,
Was it Babcock and Brown Infrastructure or some such thing? I'm not so much interested in making a list of companies. But there would be a lesson here if BEPPA was associated with a high debt company in face of a heavy downturn like B&B (or Centro or ABC learning) I am making sense?
Not all of us!
Had strings of smaller losses.
Find that preferable to big hits.
You tend to live to fight another day.
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