Only still watching SMN because if it drops below 1.20 I might pick up 5-10k. Otherwise I will take it off my watch list. I will still inadvertently see the SP at the end of each day when I check my portfolio, but that is about it. When it gets much higher or it lands a contract then I will reassess.
HC is a wonderful resource for assessing what the gossip is. I have started using it a bit like charts. You see euphoria as the SP is pumped and capitulation often when the downtrend is about to turn, and a powerful grounding tool to remind you of what can happen when things go against you. With a spec stock you can lose a lot of money and very quickly. What you say about SGH is true. By things improving I only meant that it looks like the SH will not loose ALL their money, not that it was going to be rosy.
AGO I still think will be ok. I know you think it's highly speculative and you are of course correct. But I believe, whether correct or not, that the iron ore price will stay around these current levels or higher in the near term. The lack of SP movement despite the other iron stocks moving over the recent days and the way it has been trading makes me think it is being suppressed. Time will tell. We should know in the next four to five weeks.
Yes I saw TLS. Makes me think eventually whoever is playing with it will get bored, and hopefully it will then be allowed to drift up.
I think you are right about Cabcharge. Long term they are in trouble. They have based their business on charging up to 10% of taxi fares when you pay by card. What a joke. You should get a discount as the drivers don't have to handle cash and be exposed to the risks associated with this. Other income is from brokering and leasing taxi licenses. The state governments have squashed the 10% surcharge to 5%, which is still way too high in my opinion, and the licenses sounds like they are going.... Then there is uber. It is no TCL. But that doesn't mean you can not make money from it in the short term.
I guess it gets back to risk vs reward. You certainly would not have the back up you get with say TLS, where if the SP goes against you, you simply hold and collect decent dividends while waiting, because at some stage in the future, even if far away, the SP is highly likely to get back up. I guess anyone has close to 50% chance to double their money every day; all they have to do is pick black or red. So if the odds are not significantly better than 50%, probably should just watch.
Have been thinking about real estate vs stocks. One of the main reasons I have done well out real estate is the leverage property affords you. 10% return on a LVR of 90% gives you a 100% return on your capital
. So, given things are a bit boring, might be time to crank up the margin lending
. That should do wonders for my stress levels. No wonder NAB love me.
Tuk tuks would be awesome in the city. Not great on a freeway mind you; they would hold up traffic on TCL's roads which is bad for throughput
. We need higher speed limits. Now. Sorry, rambling.
Enjoy your last day away from the rat race.....bring on next week. GOGO AGO
.
