absolutely correct CSM. Most speccies will never do anything. Some will burn brightly for a moment then fade into nothingness but only a few will go on to greater glory. The trick to making money is not going from forum to forum highlighting the risks of any given stock but rather to do a risk assessment on any potential winners and ride them but with a willingness to change direction instantly if the fundamental story changes significantly.
The problem with some posters is that they mix their considerable knowledge with a cognitive bias. Their posts are more to do with how they see the world as a whole rather than the merits of any given stock. On the other side of the coin, I am also somewhat repulsed by the fan bois who feel they need to personally abuse anyone who comes on with a negative opinion. If we chase all those posters away, we end up with a mutual admiration society, back slapping and high fiving each other and convincing ourselves (in the absence of any contrary argument) that our stock is going to a 1,000 bucks a share and then we end up bemused when it doesn't. I have been on WA1 since just below $1.50 and never sold or traded a share. I once got accused of having a hidden agenda because I ONLY had a price target between $33 and $50 and not $125
If WA1 had little or no risk, and not lots of risk a year ago, we would not call it WA1....we would call it BHP. Nothing wrong with holding some of The Big Australian in your portfolio but it is not a path to becoming wealthy through the stock market. I would rather climb the proverbial wall of worry with a stock like WA1 whilst continually reassessing risk as we go along.
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absolutely correct CSM. Most speccies will never do anything....
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Last
$13.68 |
Change
-0.310(2.22%) |
Mkt cap ! $887.3M |
Open | High | Low | Value | Volume |
$13.97 | $13.97 | $13.52 | $2.072M | 151.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 155 | $13.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.71 | 827 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50 | 13.640 |
2 | 1700 | 13.550 |
1 | 1125 | 13.520 |
2 | 1074 | 13.510 |
3 | 1568 | 13.500 |
Price($) | Vol. | No. |
---|---|---|
13.750 | 2647 | 2 |
13.800 | 1000 | 1 |
13.990 | 2999 | 1 |
14.000 | 4426 | 3 |
14.100 | 280 | 3 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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