davidhaselhurst just doubled his aam portfolio, page-50

Hazlehurst's historical performance when he was writing for the Bulletin (and managing some of Kerry Packers money I believe) could have a lot to do with printing his ideas - and rely on momentum investing. I bit like the typical A1 investor actually. You all believe that David has the inside running, so if he buys something everyone else jumps in. What many fail to realise is that when a share inevitably jumps because of the Mum and Dad buying, he often sells A very nice guy but he is not a long-term holder, just a speculative trader.

You of course dont see it in his figures because he has just doubled his money. And then he is off to the next story. Given that he is close to the industry, is very well known, and knows all the new stories he can also pick up a lead story as well. These two forces together make a pretty formidable combination.

Whats happened in the last couple of years will continue to happen for some time yet. Inevitably, when there has been a big run in a certain sector there is always a reversion to the long-term mean even if that is on a new plateau.

I suspect David is going for double or nothing. Hoping for a bounce.

By the way cash-costs are not important. Cashflow is

I have said enough about this company historically and I will not post on this company again.