I have also stated that Peter Landau stocks are not worth holding long term. There is always going to be insider trading before any big announcement. If anyone actually believes Peter Landau response of "forums" to the speeding ticket then maybe they believe in the tooth fairy as well. Why "hold and wait" when you can just hop on the bandwagon when there is activity.
I invest or trade ... I will use which ever strategy that makes money. Money is the only thing that I am concerned with. With NKP, CCC and RRS trading has made me lots of money so I will keep this up.
How many on the forum here are "making money" by holding long term.
If NKP is going to re-rate permanently then there needs to be some heavy buying by institutions. From the pattern that I see to date I do not see this so far.
So what if the fundamentals are strong but people are not going to buy it up to the "fundamental price". If you are willing to just sit for 12 months and not watch the screen then buying at 25cents will probably prove profitable. For me I see that there is more than one chance to enter and re-enter.
I will both fundamental research but will also look at the charts as well especially in uncertain times. I also rate BHP as a great buy but given the volatility trading makes more money.
While I like the fundamentals of NKP look attractive but I have also learn't not to fall in love with the stock.
People can label me trader as oppose to investor ... don't really care. All I care about is the money in my pocket. Losing money by not putting a stop loss is just foolish even if you like the stock. "Waiting it out" in a market that is unstable and volatile is stupid.
NKP Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held