Quote:
quote:Originally posted by Mick100
Macdunk, being early to the party is a mistake that I don't beat myself up about. I don't cosider my investment in PGW to be a mistake at this stage. If I discover that an assumption that I'v made about PGW is wrong i will sell.
The difference between our approaches to the market macdunk is that you are looking for todays hot stocks which, for obvious reasons, must be in an uptrend - nothing wrong with that approach as long as you get out when the uptrend falters. I, on the other hand, am looking for tomorrows hot stocks which are usually drifting sideways and can sometimes take a long time to start moving upwards. I think my method is, both, more challenging and more rewarding than yours.
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Mick, nothing wrong with buying early if thats what you think. Your big mistake is watching the sp fall 20pc over a year still holding. The idea i find is when the market tells you that you are making a mistake, you do nothing about it. When i buy in to PGW, which i will, i can afford to wait for the sp to trend up then buy.