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Nice response, Thanks CT.However, it seems you dodged the...

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msn81

769 Posts.

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16/01/19

17:20

Post #: 37134930
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Originally posted by ContrarianTiger: ↑

1) With the benefit of hindsight I would have sold all my stocks and put all my money on ab1 last year and sold it in February last year.
It has been a bear market most of last year for this particular end of the market. It is not easy to pick a stock that is definitely going to make money within a specific timeframe.

Unfortunately with the sharemarkets all that you really get to work with is foresight. We pick stocks that we think will work and have a backup plan for when they do not.

BPG looks like it will be good for my plan for this year and for that I am happy.

2) Just following on point 1, with perfect hindsight, I would have not kept any of the shares I have currently, I would have stacked everything on ab1 and sold that stock last February.

At this specific point of time I would love to be able to use the money to buy the other stocks that I hold. But that's the way the cookie crumbles at this end of the market. Any stock can find itself in suspension for any number of reasons. All you can do is have a strategy that factors this into account. I hold 4 different penny stocks with a similar weighting in each so that if one or two hit trouble, I know the other two should be alright.

BPG should do alright now it's exchange is running. It will be a revenue generating stock which is rare this end of the market. Also because it seems to have stabilised now I can spend more time worrying about developments elsewhere in the market.

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Nice response, Thanks CT.

However, it seems you dodged the question/point. Given that you would have hindsight on this specific stock and not taking into account what other stocks have done...
Yes or No, would you have bought into BPG? Simple.

In hindsight I would have bought the winning lotto ticket for 52 weeks running.

The point I'm making is I only intended to be in BPG for a few months, I never saw long term potential for the crypto craze. There was every man and his dog talking about crypto in my office this time last year. If I mention crypto to the same men and their dogs now, I'd be laughed at.

Just my opinion, yes BPX will be revenue generating, but how much revenue and for how long, that's what I question. Different kettle of fish now than a year ago.

Last edited by msn81: 16/01/19

BPG Price at posting: 0.9¢ Sentiment: Sell Disclosure: Held
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