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re: attn b2 Aarwon was a bit of a dis illusionment . It cut some of the young rampers down to size. I am not referring to David Clarke although he was involved with Grenfell GRN and that was a bit of a hot potatoe and then a damp squib . As you know I wa s a seller at $1.30 even though some of the rampers were so confident it was going to be good that they were going to have flying lessons from the top of the Rialto.
Back to matters . I look at risk. I weigh up risk and use charts .. I do not pay attention to fundamentals too much . I believe that most things are in the price as the price is a discounting mechanism . Some times I manage to get ahead of some otherr in this competitive business , for example the $1.30 sale of STU looked wrong at the time as I missed the peak by about 5 cents etc , but the chart warned me that the risk was too high and I sold out . VPE is a much improved company and I believe it is going into drilling Coal gas in USA . I understand that Number 1 is a good Oil man there now . The charts tell me what to do , If that price breaks up through and holds above 5.2 cents I will be in . In the meantime I have some just in case.I am not saying it is the best oil share , far from it , I am also not ramping it .
I find it is better to be on to companies when matters are not clear with asset cover etsc as those companies have been spotted by investors and they are priced up usually .
In my opinion it is best to look for companies which look risky on fundamnetal and therefore could blow up or becme multi baggers .
I have done all the fundamental things and they do not work. One invests in the price movement actually not in the fundamantals. I hope that you can get your head around that .
I invest in the price movement and the risk in that . Best wishes to you Ian B2