It is all about the cars each person takes to not only finish the race but to enjoy the journey.
Some will take a Tesla others might take a Ferrari. Some might take a toyota and others might take a push bike.
Each to their own.
Personally, I cannot see why people who have made 500% want more; or people who are losing money wants to stay in the stock when the ASX is filled with 2500 other companies. Let us not even talk about the US indices. This is where most people fail because the psychology required to play the market is not there.
Let say you bought this wretched thing at 2.80. It is now 2.38. You have done 42 cents of your investment or 15%. What stops you selling it and say buying something that keeps rising like say a REA, JHX, ( i am not recommending these stocks but clearly showing up trending stocks for months). So for the last year this thing has money but there are stocks that have been rising as well. What made your ignore these stocks? what stopped you from selling out of a losing position and jumping into a something that is winning ?
If you just back one horse you run a terrible risk and you will lose over 40 years of your investing life. That is a dead set certainty.
I am sure each of you are mature enough to get the drift.
NEA Price at posting:
$2.38 Sentiment: Sell Disclosure: Not Held
