Speedy Az has a cool martingale collar …..cool eh
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Had to look it up
.
1. a strap or set of straps running from the noseband or reins to the girth of a horse, used to prevent the horse from raising its head too high.
2.
a gambling system of continually doubling the stakes in the hope of an eventual win that must yield a net profit.
Why are you including me in this?
I already have said some time ago I understand it, as it's actually not that difficult.
You just seem to have difficulty conveying it to others.
I actually agree with Mav, ValueNZ, Ferg & yourself that this is a value proposition.
The only thing I have debated is entry level & I commended your buying at 68c and that it's not a risk free investment you seem to make out.
But overall and over an extended horizon OCA imo will prove to be a very good investment.
I actually wouldn't be surprised to see even in the short term i.e the next year it proves to be a good investment, but the full value will probably take circa 10 years as you say.
I am surprised however, for someone who keeps saying they want the SP to be lower for longer that you talk up the company so much. Sort of goes against what you keep saying.
Ok I apologise and take it back.
Yeah I really don't think my posting on here will move the price at all so that doesn't bother me. It's not the company I talk up, it's the big picture model. The company could apply it a lot better clearly.
My 68c buying wasn't as good as the bellyfull I bottom ticked at 39c or there about, sold a few weeks/Months later at 86c only because of better opportunities elsewhere at the time.
My average this time around is about the same as ValueNZ at 81c.
Price matters.
Azz psot about buying endless shares with infinite amount of money, has been deleted. While he said as a joke...
In ValueNZ's case it's close to the truth.
While he begins his professional career and starts earning serious money, in relation to what he has now he will be able to buy endless shares with a comparatively endless amount of money.
What will he want, a low share price or a high one?
Provided the business remains the same or higher intrinsic, I would hazard a guess he would want a lower price.
anyway back too OCA i see the 74c held as resistance again