I have made a small study of big gains.The biggest ASX gain I'm...

I have made a small study of big gains.

The biggest ASX gain I'm aware of was made by a NSW builder who invested a few hundred k in Paladin at around 1c. Paladin touched $10 and I believe his holding was worth $340m at one stage.I don't know when he sold, but two points to note:

- to hold wouldn't have been easy ... he'd have been tested at every new cent high and on every pullback, especially the deep ones
- both company specific AND world events conspired to launch Paladin higher ... both are needed for these crazy runs

Over the next decade, world events reversed and uranium surpluses dragged Paladin down. Today it trades at 12.5c, MCap $250m

I keep this story tucked away for technical reference. PAA definitely has the required dual drivers, a potential rocket from world events plus its company specific drivers.

Here is the Paladin chart which captures the final 3 years of the epic run to the high, touched twice.