hector,
I actually got my big "kick" in life financially from a tech stock that got smashed down from 25c to 7c by AMP. My initial buy was 24c and I kept buying it on the way down. Then AMP sold out in one big crossing at 7c of which I was lucky enough to get 500,000 shares. So I ended up with 700,000 of them at an average of about 10c.
The company was taken over nearly a decade later at $1.10.
I'll give you one piece of advice I was given back in 1988 (after the crash of 1987).
No-one ever makes a fortune by diversifying. Diversification is a hedge for the ignorant. However, you have to do your homework better than the market and you have to have the emotional makeup to cope with short term pain... like we are doing with BBI.
- Forums
- ASX - By Stock
- BBI
- finished buying
finished buying, page-19
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)