Here is one I got right... so far. Normally I update the holdings on the anniversary of the first purchase, somehow I missed this one.
So when I bought IPP back in Nov 2012 it was and still is the only holding not making a profit. The thesis was massive growth and increasing revenue.
The price fell so I picked up some more.So that is a average price of $0.8566 per share
After that the price fell to $0.70 and I considered buying some more but did not pull the trigger, not wanting to take on more risk.
This is considered such a no no, and yet on almost every stock that i have made more than 100% on, i have bought more when the price fell further...very few of us speak of this and very very few of us post it live.it can take a while and its not sexy, but triple digit profits are triple digit profits.
Luck.
If it was skill you'd be at the bottom first time.
I'll also bet this is where you'll find your biggest losses
Or more to the point-----longest bottom draw trades.
Youve not made a loss until you sell at a loss----RIGHT
Luck.
If it was skill you'd be at the bottom first time.
longest bottom draw trades.
You've not made a loss until you sell at a loss----RIGHT
Sure you'll get the odd one that works
SC has made some pretty good ones because he had the gonads to hang on and the equities were good enough to shake off the bear trend.
It does make me wonder though what happens when an HHI or KZL happens along. However, if he has his risk spread around and most are good companies then there is something to be said for a contrarian strategy like this. The proof is in the profit
I saw that, looks pretty exciting. Also remember I grilled you a bit on this one when you first bought it - bit too risky for me, too many "what ifs", but it didn't discourage you and you stuck you your guns. Going pretty well for you. Well done.Recently IPP have announced their first cash flow positive quarter.
This is considered such a no no, and yet on almost every stock that i have made more than 100% on, i have bought more when the price fell further...very few of us speak of this and very very few of us post it live.it can take a while and its not sexy, but triple digit profits are triple digit profits.
Luck.
If it was skill you'd be at the bottom first time.
I'll also bet this is where you'll find your biggest losses
Or more to the point-----longest bottom draw trades.
Youve not made a loss until you sell at a loss----RIGHT
I agree that you should not average into losing trades in equities...., however SC has made some pretty good ones because he had the gonads to hang on and the equities were good enough to shake off the bear trend.
It does make me wonder though what happens when an HHI or KZL happens along. However, if he has his risk spread around and most are good companies then there is something to be said for a contrarian strategy like this. The proof is in the profit and he has shown that, has he not?.
Sure you'll get the odd one that works
But for balance I've not seen anyone Spruking
Up the 6 trades they are locked into loss after averaging
In 3 x and still 50% down on the initial buy even after
Averaging down.
I saw that, looks pretty exciting. Also remember I grilled you a bit on this one when you first bought it - bit too risky for me, too many "what ifs", but it didn't discourage you and you stuck you your guns. Going pretty well for you. Well done.
Interesting company. Would you believe I've been watching it since May last year? It intrigues me, because on the surface it looks very cheap... but something so far has kept me out of it. Very illiquid and tightly held, so just be careful if you need to get out in a hurry. The clearest revaluation catalyst for this company would appear to be it being taken private by the parties who have majority interests in it.New Investment
UOS - United Overseas Australia
Bought 2634 @ $0.535 = $1429.14 13/2/14
This is a REIT invested mainly in Malaysia, they have a good history of capital management, low debt and a nice little discount to NTA.
Interesting company. Would you believe I've been watching it since May last year?
Interesting company. Would you believe I've been watching it since May last year? It intrigues me, because on the surface it looks very cheap... but something so far has kept me out of it. Very illiquid and tightly held, so just be careful if you need to get out in a hurry. The clearest revaluation catalyst for this company would appear to be it being taken private by the parties who have majority interests in it.
The related company structure is a nice little web in itself. Entities entwined together, so lots to think about.
Agree that it looks well managed, management looks pretty open to questions from what I've read. The problem with this is that the company is so tightly held that no one asks them questions!
edit: I won't claim to have found this one on my own, someone asked me to have a look at the time.
Interesting company. Would you believe I've been watching it since May last year? It intrigues me, because on the surface it looks very cheap... but something so far has kept me out of it. Very illiquid and tightly held, so just be careful if you need to get out in a hurry. The clearest revaluation catalyst for this company would appear to be it being taken private by the parties who have majority interests in it.
The related company structure is a nice little web in itself. Entities entwined together, so lots to think about.
Agree that it looks well managed, management looks pretty open to questions from what I've read. The problem with this is that the company is so tightly held that no one asks them questions!
edit: I won't claim to have found this one on my own, someone asked me to have a look at the time.
Been watches for ages as well!
There's an article somewhere on the internet that tries to break down all the estimates to come up with the correct figure of cash and asset values. It is a long article
Price wise it looks very, very cheap, but I know so little about their market that I've never had the nerve to pull the trigger.
Had a little look but couldn't find that article I would be very interested in it.
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