Australian (ASX) Stock Market Forum

Stupidest trade for 2006...

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Selling 750k JMSO @ 0.125 (hit high of 22c a few days later, but paid 0.012 for them so very happy)

Selling 100k BMNO @ 0.2 PRE Split ie would be 300k worth $2 today (But picked em up at 0.05-0.06 so at the time seemed like a good trade)

Oh well can't win em all and I've learnt from my mistakes, well some of them,

Here's to the New Year! :)
 
I say we ban him from this thread. :p:

YOUNG_TRADER said:
Selling 750k JMSO @ 0.125 (hit high of 22c a few days later, but paid 0.012 for them so very happy)

Selling 100k BMNO @ 0.2 PRE Split ie would be 300k worth $2 today (But picked em up at 0.05-0.06 so at the time seemed like a good trade)

Oh well can't win em all and I've learnt from my mistakes, well some of them,

Here's to the New Year! :)
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YOUNG_TRADER said:
Selling 750k JMSO @ 0.125 (hit high of 22c a few days later, but paid 0.012 for them so very happy)
Click to expand...

Your stupidest trade was a 10-bagger?
All hail the KING :D

If thats true - You would make even the worlds best traders seem very very ordinary.

Keep up the good work.
 
nizar said:
Your stupidest trade was a 10-bagger?
All hail the KING :D

If thats true - You would make even the worlds best traders seem very very ordinary.

Keep up the good work.
Click to expand...

lol I get what your saying but surely you realise after following a stock for over 9 months and holding and accumulating a decent position you sell out at a huge profit, only to realise it could have been DOUBLE had you held a few days longer and why it was my stupidest is that I had 20c as my MINIMUM SELL PRICE, but I just couldn't help take profits as it just rose so fast.


Also you guys missed the BMNO sell, I sold my opies for $20k, theyd be worth about $500k if I'd held to today, that has to be the worst decision by far for 2006,

Well actually there was someone I heard of who unloaded a whole heap (I think 1m) of Cudeco Opies at 0.001, which went as high as $5 from memory a few weeks later, glad I wasn't that person


If only I had a time machine (lol Back to the future has been on wayy to much recently)
 
I'll tell you what's worse than everything... leaving your money in a bank earning an interest rate of 1.7 percent per annum over 10 years... I wake up in the middle of the night screaming "ONE POINT SEVEN PERCENT"... What was mum thinking... :confused:
 
So close to the end of the year and yet, I still manage to squeeze another stupid trade in !

Sold GSE opies 3 weeks ago for a tiny profit at an average price of just under 2c. Damn things hit 8c yesterday. :banghead:
 
Not quite the same as the original topic, but I was in the Bank today banking some cheques and I heard a lady talking about what she should do with her money (I gather it was for some significant amounts). She said to the Bank Manager that the last thing she would do with her money was buy shares because they were sooooo risky! So she settled on a 5% locked away cash deposit and the Bank Manager smiling with glee. I started to laugh which resulted in a coughing fit (have a cold :p: )

Now that, to me is a stupid 'trade'


My stupidest trade, well, actually I cant think of any :D Not really, :p: Well, perhaps selling some AUM on a panic, or conversely, not selling them for a huge profit the day they touched $10 then closed for clarification. I still hold some and am looking at a nice profit anyway.....
 
SEN. Bought it for 75c
Tripled my volume holding at 44c.

Finally sold at 31 :(

posi: holding alot more at 26c.

Heres hoping ;)
 
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