accounting lesson for beginners, page-49

capman,
My comments regrading AGM were in an entirely different situation. I had bought the stock in 2005 below 15c and sat for two years whilst the price went to $1.20 then sold when I told the AGM thread that nickel at $50K a tonne was a huge speculative bubble waiting to implode. As it did and the stock fell, I was telling holders to sell out. Why watch a stock fall from $1.15 if the fundamentals did not support that price?

BBI is a bit different. We are at the other end of the curve. We have been buying aggressively below 5c. If and when it reaches fair value, then I will sell.
AGM was a situation where the nickel bull market had driven it to ridiculously over priced levels and despite me warning ghosta, yourself and a few others, nickel did indeed collapse.
But for Andrew Michelmore's (ZFX) stupidity in paying $1.10 for AGM, you would have all done your ar$# on it. Without the takeover, it would have been back at 20c now.