wow - I have the advantage of age and experience over (I assume) many of you. I am 50, and have been trading for 32 years, and working in the markets since 97.
When I was a wee lad I fell in love with Cape Range Wireless (CAG). It was going to revolutionise the world. I bought more than I could afford, convinced it was going to rally any second, and I didn't want to miss out. Needless to say I spent a good portion of my salary for almost 2 years chasing that dog.
The lesson for me? Don't fall in love with a stock. Having said that; I do like ISX. I have met with John and his team on a roadshow to Asia, and have introduced him to regulators. It is a great company and should do well. I have good contacts in the FinTech space in Asia, and know that they will love ISX. The fact is ISX don't ave time at the moment to tackle all markets. There is huge upside - but that doesn't mean it is going to rally past 30c yet.
Does that mean it will go to the moon tomorrow, next week, next year? I have no idea. What I do know is that when the big news hits there will be time to jump onboard even if miss the 1st 20% rise.
At the moment the proven way to make money is to buy under 20 and sell on any announcement. 10% in it each time it does that. Do that 5 times and you are up 50%, and if you miss the BIG rally, well you can still jump in after the prolonged rally starts.
I am not saying I am a guru. What I am saying is the comments on here showing close to rage at people selling A$400 of stock by hitting the bid shows me that many of you are where I was in 2000~2001.
The 'wow' comments are pathetic and all I hope is that my age and experience can benefit at least one person here.
Let the rage continue....
ISX Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
