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coromal

116 Posts.

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15/09/15

15:48

Post #: 15996563
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Originally posted by Mightyatom ↑

I know it will try the nerves of the most hardened investor. That is why the annual report needs to be studied, presentations listened to and a feeling for the industry. If do that then have strength in ones conviction, holding is far easier.

Also, as a reassurance take a look around other companies that have rebounded strongly. Those that don't rebound tend to be companies that are losing money and having assets economic value. I recall being underwater a long way with Cochlear a few year back, heavily shorted and looking dire - within six month or so its SP had almost doubled 9and I was rewarded handsomely for a one year hold) Cochlear is fundamentally a sound company that suffered because of hedge funds spreading rumours of chinese competition that proved to be overstated.

Slater is similar - it earns cash - plus the added reassurance of its business. The likelihood of Slaters deceiving investing public is remote, I would think given they are lawyers. They have had ample opportunity to prepare us for the worse and have not done so. That is a telling story.

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Yes mate. But these are irrational times and whilst we are increasing in exposure, the opportunity to capitalise continues to outweigh the risk, the lower she goes - IMO.

Some nice buying of 66,000 shares at $2.59 today.

I will continue with my 5-10-20,000 parcel accumulation strategy - on any of these dips of 10-20c, until such time I need to share a truck hire with Mr Investor.

This is the con of the year - perhaps longer. And I for one am not falling for it!

SGH Price at posting: $2.60 Sentiment: Buy Disclosure: Held
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0 Great analysis

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