Originally Posted by
duncan macgregor
SNOOPY, I dont think you will ever learn until you go under, and even then you will be in denial. All us low risk investors with sell systems are mostly sitting it out, looking on in bewilderment at your high risk investing style.
Even a simple stop loss set at 15 or 20% for a long term investor would have saved you heaps. Your buy system is deeply flawed, nobody in their right mind would hold on to what you hold. Lets go over what you say you hold and look at them over their high point during the last three years up until today.
1,RBD, $1-65 down to 80c
2,SCT, $2-95 down to $1-30.
4,TUA, $3-85 down to $1-02.
5,TEL, $6-25 down to $3-90.
6, PGW,$2-40 down to $2-05.
7, SKC, $5-75 down to $3-79.
8, LPC, $2-60, down to $2-41.
That's only some of your stated holdings the trouble is most of the high points are nearly three years old with you stating that you averaged down. RBD is not your worst share TUA and SCT are. Investing is not about spreading your investments about like eagle sh*t over the country side in order to lessen the risk its about demand and supply and understanding market sentiment. 8.5% sitting in the bank definately beats what you are doing coming out of a bull market into a bear market. Mary Holm in granny Herald and you have one thing in common as far as i am concerned. I DO THE EXACT OPPOSITE.
RBD has nothing other than a declining business to sell when it all ends up hitting the fan. At least feltex had a few carpets left over to flog off. Macdunk