what a golden opporunity to buy, page-7

Hammer,

I think your stock of comparison is a perfect one. Billabong fell like a stone and then the takeover bids came from everywhere. When the stock turned, it moved from 13c to 63c in less than two months. I would be delighted to get a move like that here.

This stock is certainly not for everyone and yes, I can lose money in the game I play. I don't buy at the top and sell at the bottom as many do. I try to do the opposite. Just as some of the examples, I copped a hiding continuing to buy Henry Walker as it fell and it fell to the ground. But on the other side, in February 2009 I bought Forge at 21c and McPhersons at 27.5. At the time both of them had price earning ratios near 1. I have never seen figures as low as that in my investing life. Within months my GFC losses were gone. Forge went up 30 fold although I didn't stay in there long enough to enjoy all of that.

Boart looks ugly right now but this is what I do and I like the feel of it because everyone hates the stock right now. If it does get forced to have a rights offer then I will take it up.

GPASAS