General Discussion AGY, page-2671

You obviously missed gdscoops post yesterday ? Here is the beginning of the article:

Marcus Padley is a Melbourne stockbroker and investment advisor.The ones that got awayby Marcus PadleyIn 2003 I held 250,000 Oil Search at 60c. Sold them at 70c, they later hit $9.83. That’s $2.5m missed.I also once held 50,000 Zinifex at 200c (it turned into Oz Minerals). Sold them at 240c. They hit $21.60. That’s another million.Then we get to the tech boom and my trade in 200,000 Davnet at 40c. Sold at a loss. They went to $6 and the 300,000 Voicenet at 38c. Sold at a small profit. They hit $3.80. That’s another $2.35m missed. These are just some of the ones that got away from me. I am too experienced to regret or care about hindsight observations on share prices but its amusing to consider. No doubt you have your own stories.The most tortuous element of all the above trades, trades that got sold through my impatience, is that all I had to do to make $5.85 million was to do absolutely nothing at all. Instead I fiddled my way out of it. An activity that any commission driven broker is paid to do, creating activity for activity’s sake, for a commission, when the best course of action was to simply invest, not tinker.