time for japanese sword trick, page-5

Koro,

I almost bailed several times, but hate trading vs investing, so simply decided to give them more time but not add to a pretty small position, now just over 1% of portfolio. I tend to follow the adage that a leopard does not change his spots - well every quarter these guys come out with "the dog ate my homework" and continue the cashburn. A case of me allowing too much patience.

The 1% probably explaining my complacency, and is indeed a reason to ensure you hold enough of anything to hurt a little more.

Anyone pumping out the wishnews like Oilyman has to be read with caution imho.

Trader,
Small change mate. At least they had a shorter record of burning cash than ROC, but the business model unfortunately has eri parrallels - and both have relied on the old Command Petroleum pedigree to an extent. My main game, my big 5, have been IGO,AOE,PNA,BOW and CVN so not worrying too much.

EL