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Ha...tell me about it! Held KIN up until a few months ago and...

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happy Hippy

5,651 Posts.

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20/04/17

13:06

Post #: 24166926
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Originally posted by makattack ↑

With respect you do not know.

Yes I do know. Significant revenues are on their way. The skill is to read between the lines. And there's been plenty of clues.

However I once held but after two years of holding just found the opportunity cost too much. The capital has been much more productive elsewhere.

Well yes it all comes down to time frame. On a 4 year investment strategy OBJ has been a magnificent choice, on a two year strategy it has been a failure. But what if you take that current two year strategy and make it a four year strategy? My prediction is you'll find it will also become an excellent investment. If you had the benefit of hindsight sure there has been a significant opportunity cost over the last couple of years. But therein lies the problem, it is very difficult to predict exactly when to hold and when to fold. Exact timing is impossible and with these sort of plays, trying to predict the correct entry point will usually cost you in the end. It all comes down to how confident you are in your investment. When it comes to OBJ I am very confident, you are obviously not. From that point of view, my investment decision is logical as is yours. There ain't no right or wrong in investing. It all comes down to your appetite for risk. For me it is lower risk anyway because the OBJ investment, although significant as a speculative one, only represents a small percentage of my wealth and, although I'd be extremely unhappy, I could afford to lose the lot and not have it impact on my lifestyle.

Now...when we get a good idea of what revenue streams to expect the SP will increase in steady steps

Once you have a good idea the share price will be well north of 10-15c imo. You'll be paying multiples. To me it makes a huge difference buying at 6.7c as opposed to 18c. At multiples is the point where I start offloading, not buying, and using the speculative cash for newer speculative investments. I rarely stay invested in dividend paying stocks as I see far greater returns at those sort of levels in other safe investments (such as property) and dividends can easily be eroded by share price moves. But that's just me. We all have different strategies.

Good luck, hope you are fortunate enough to get the proof of revenues you need before the share price rises significantly. More often than not, you miss the quick unexpected or insider-driven rise and tell yourself, oh well, too late now. Opportunities such as these, imo, don't come very often.

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Ha...tell me about it! Held KIN up until a few months ago and look what happened this week

OBJ Price at posting: 6.7¢ Sentiment: None Disclosure: Not Held
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Ha...tell me about it! Held KIN up until a few months ago and...

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Ha...tell me about it! Held KIN up until a few months ago and...

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