BNB babcock & brown limited

almost down 40%, page-13

  1. 8,937 Posts.
    Harry/emark

    That should suggest to you that it's not the share but the market. I got done this year on property. CNP, RJT, AFG...

    The other things I did wrong were pretty normal trading behaviour such as 'falling in love with a share', once losing on a share trying to make it back on the same share, essentially gambling.

    What I did right this year was taking small profits along the way and despite the price rising further after I sold, they are all well below what I took profit on.

    Looking into 2009:
    1. Stop losses - use them!
    2. If a share is heading up, buy more (eg: DJS)
    3. Take profits
    4. Don't panic sell

    Would I touch BBI/BNB?? I think given the losses incurre, best if I leave this to others and find something more stable in 2009...

    Later

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