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The bet: Will these average 12% return including dividends in 1 year?


Sorry, i wasnt meaning to imply you got lucky.

I disagree with Prawn. Pure @rse picking FDL. It's a diamond company. It's iron most likely wasn't even on the justification for the buy. So, in retrospect, you might have well have thrown a dart at the board. But, good toss anyway!
 
I disagree with Prawn. Pure @rse picking FDL. It's a diamond company. It's iron most likely wasn't even on the justification for the buy. So, in retrospect, you might have well have thrown a dart at the board. But, good toss anyway!

Yep - I don't disagree!!!

J:xmastree
 
Yep - I don't disagree!!!

J:xmastree
But perhaps this goes to show that throwing darts can be just as successfull as TA and/or FA? Maybe it could depend on the cycle? Maybe on the quality of dart throwing?

Not to say that you guys have done tremendously well the past year. Good darts!! LOL.

I think the real test would be in a downward trending market, which you can test next year perhaps?

Have you lost your job Realist?

 
anyone can make money in a bull market, hell i made an unrealised gain off $125k during those hey days to only see it disappear to a -$45k unrealised loss

its making money in a bear market that counts,

a high tide lifts all boats...
 
Dont disagree. I took mine.

But this bet?
Id like a new boat.
How much did you want me to fleece off you?

Before I post from 12/12/07 - NOW.

its making money in a bear market that counts,

Not all boats have holes. Not all Captains steer their ships into light houses either.
 
6 months later all down 20% i bet!

T/T is up 9% in the last 6 mths.
Realists I havent calculated but from his picks.
Would be down atleast 20%

Code --21/12 price---Now.

BHP 39.65 40.70
BSL 9.39 9.76
CAQ .16 .16
CBA 57.70 42.30
CBH .54 .19
CQT .58 .45
DRT 2.00 1.62
EVE .135 .068
FBU 9.80 4.97
FDL .094 .20---seems to have merged or something last trade in may.
FGL 6.49 4.71
FUN .62 .50
HCY---last trade 17/12
IAG 4.10 3.69
JPR .105 .11
MRE 5.79 2.98
MTN 2.00 1.34
PMH .30 .265
PRG 5.13 3.44
RIN--cant find it at all not even the code.
RIO 128.50 125.70
USA .25 .12
WDC 21.10 16.10
WDCNB ceased in August.07
 
T/T is up 9% in the last 6 mths.
Realists I havent calculated but from his picks.
Would be down atleast 20%

What really puzzles me is that this has been proven repeatedly, but STILL people insist on bottom picking and holding on to their losers because "it's a good company".

People really do continue to behave in the same way and expect a different result.

(Actually it doesn't really puzzle me, it's human nature).
 
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