the worst 10 stocks on the asx, page-120

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    Okay well for me the crappy stocks I really take notice of was the ones I invested in/traded in that never ever should have. These are as follows:
    1. RCP....stupid self believe in the asset...never ever ignore the importance of management to a company....I should know this but ignored to my peril..key lesson: quality management is pre-requisite and don't ever make exceptions; also always keep to discipline of set stop losses (I had been lax with this one and hence it cost me...much better in recent times so good lesson)
    2. ADY - a company that sold its best assets...promises great things...never see any management or board members make any investment....I should have known better as pure trading stock but traded badly as just too much of a novice..learnt a lot since...lesson: don't trade in stocks that just deliver hot air and show clear history of management incompetence (and still have same management). Didn't lose that much but should have never lost anything ie never invested/traded in the stock..didn't do enough research...
    3. ROC - probably unfair compared to other stock plays but still on the list as got too caught up on broker recommendations and not enough of own research which would have suggested assets not as quality as other energy plays with deeper research, plus too caught up with previous stock price in recent years...lesson: don't ever rely on broker research...do your own research and look at market signals.....

 
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