accumulation, page-9

Wickedly stung. I only concentrate risk when I am certain of my alternative income sources (eg day job). 2007-2010 was a very tough period from the trading/investing side but I had a very good job and solid, stable income. I took large risk in options mostly and it paid off but the period just before almost cured me of ever trading a share again. To be honest I reckon if I put aside a modest amount over the 20years I have worked each month and stuck it in BHP I would probably be at the same result! But that would have been no fun would it . . . .

ADO is much much less risky than my last play - I have basically rolled the profits of that last trade into ADO - maybe I'll end up back where I was in 2009/10 or maybe I'll be buying everyone here drinks after next years AGM - it's just money - if anyone in my family got terminally ill I'd be willing to swap it all for a cure - just like anyone else. Maybe that's why I have always had a little bias for biotechs.