absolutely correct CSM. Most speccies will never do anything. Some will burn brightly for a moment then fade into nothingness but only a few will go on to greater glory. The trick to making money is not going from forum to forum highlighting the risks of any given stock but rather to do a risk assessment on any potential winners and ride them but with a willingness to change direction instantly if the fundamental story changes significantly.
The problem with some posters is that they mix their considerable knowledge with a cognitive bias. Their posts are more to do with how they see the world as a whole rather than the merits of any given stock. On the other side of the coin, I am also somewhat repulsed by the fan bois who feel they need to personally abuse anyone who comes on with a negative opinion. If we chase all those posters away, we end up with a mutual admiration society, back slapping and high fiving each other and convincing ourselves (in the absence of any contrary argument) that our stock is going to a 1,000 bucks a share and then we end up bemused when it doesn't. I have been on WA1 since just below $1.50 and never sold or traded a share. I once got accused of having a hidden agenda because I ONLY had a price target between $33 and $50 and not $125
If WA1 had little or no risk, and not lots of risk a year ago, we would not call it WA1....we would call it BHP. Nothing wrong with holding some of The Big Australian in your portfolio but it is not a path to becoming wealthy through the stock market. I would rather climb the proverbial wall of worry with a stock like WA1 whilst continually reassessing risk as we go along.
- Forums
- ASX - By Stock
- WA1
- Ann: West Arunta Project - Luni MRE
Ann: West Arunta Project - Luni MRE, page-302
-
- There are more pages in this discussion • 147 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WA1 (ASX) to my watchlist
|
|||||
Last
$17.13 |
Change
0.680(4.13%) |
Mkt cap ! $1.111B |
Open | High | Low | Value | Volume |
$16.55 | $18.08 | $16.55 | $9.170M | 526.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1939 | $17.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.20 | 18000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1939 | 17.060 |
4 | 2688 | 17.000 |
1 | 3372 | 16.970 |
1 | 1939 | 16.950 |
2 | 1994 | 16.900 |
Price($) | Vol. | No. |
---|---|---|
17.200 | 18000 | 1 |
17.300 | 384 | 1 |
17.310 | 19458 | 1 |
17.320 | 1939 | 2 |
17.360 | 4 | 1 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
WA1 (ASX) Chart |