Who said that I didn't want a conflict? See I baited you.
I rest my case. I know we are both into it. Both will make gains if sp increases. No point fighting among ourselves. I know you would also want sp to rise since you are holding. I was just having a banter, just because of last week.
.
You know, there are very few people on hot copper who write when they buy, and at what price. And they write when they sell, at what price. Not claiming later. I don't know why I do that, but I do that. When I sold I wrote that I have mostly, around 13c etc. I was not hiding it. When I bought I wrote. Many weeks in last couple of months when I wrote I was buying, my buy price was quite higher than sp. But I still posted it - because I like to be honest. I may have looked like a fool, but to me being honest was more important. And I do that for all stocks where I write. I tell the price I have bought, whether I have bought that week, what is my average, etc. Weird? Maybe. But that is me. Happy to put myself on the line. Some I win, others don't. I follow price action - so for me to sell, its because of price action. I am not ashamed of it. We all have to do what we think is good for ourselves. What I try to do is at least say what I am doing, rather than being dishonest. And I don't feel guilty. I did sell, because price action looked very weak to me. I was lucky I got it right, I don't always get it right. So why am I a bad guy?
As I said last week, you are a nice guy but with strong convictions. In my experience sometimes logic does not work in share market. I have learnt it very strongly especially since last April - after the big drop we had in markets. Before that I never used to follow general markets, also used to stay within my thinking. But after last June when stocks had a big drop, I got an awakening. I tried to understand why it happened and what moves stock market. Even today I spend close to 2 hours listening/reading to analysts etc. That doesn't mean I will get it right. I will just improve my probability. And I write a daily report of what I feel across a U and Li stock around general markets.
But honestly, at this stage BAS is looking good. After few months I have felt good about it in sense that its looking like going up. Tino is confident. I like him. He has a vision. We are in very speculative zone, with small market cap. Much of our buy/hold/sell is based on gut feel etc, with no certainity. I understand that. My only regret? I did buy a fair few oppies around 1c, I could have bought much more and I didn't because I wanted to see a better price action. But I bought on the rise as well, 1.6/1.8 etc. But bought another big chunk today, which I could have picked up at half the price. But that is the price we pay for more certainity. Who knows what i paid today for oppies may look so cheap in near future because we may have doubled again. It may look improbable today, but it can happen. Other side is we have a big sell off, and I would be thinking, today was the time to sell, why was I buying? Such are vagaries of stock market. Lets hope we are on the right side - after a long time I am feeling so optimistic about it - I am hoping its not a let down, I am really hoping we never know what's going to happen in small specs. All the best.
Expand
