Short Term Trading (Australia Day) Weekend Lounge: 25-28 Jan, page-140

  1. 6,951 Posts.
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    nice post, thing is any one that trades on the asx it should be with only 1% of the net worth so losing money should not be a big deal, now we all know that is not what happens myself included get carried away and are overweight in many stocks, that being said I think everyone needs to take responsibility for their own investments do I feel sorry for people that lost money on SPQ? absolutely not and why should I, I simply posted some of my research at 1.1 cents on why I thought it was a stock that could do well I did not expect it to bag within a few days, I'm only a small time trader I don't have enough shares to create a pump nor a dump, I was just a passenger alone for the ride.

    if mum and dad investors jumped on at what I posted with out doing their own DD then why should I be blamed for that?

    I'm certainly not the best investor not even close, I don't claim to be either. ive made plenty of mistakes like you have mentioned on ADN and particularly MUS it does not worry me long term as I try to learn from it and move on to the next stock, your right the second time I entered SPQ was a error on my part, my reasoning was that given there was only two days left until the record date of the rights issue I was expecting the share price to push up with investors wanting to get in to take up the rights and from my 1.8 cent entry was looking to sell at around 2.4 cents again.

    once I realised there was little demand for the rights issue a wisely decided to take a pip lose on SPQ.
    btw I was not bragging on SPQ I was simply stating my reasoning for selling and they were not happy over at spq with that, so be it.

    am I a nice guy probably not I'm pretty hard edged and focussed, ive always said nice guys finish last.
    but at the same time I do donate money when I can and give blood every 3 months.

    anyway I think its best I don't post a while as the tribe has spoken so I will just be a ghost on the forums from now on. cheers.
    Last edited by jas626: 26/01/18
 
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