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Sooooo , GB , you sold out at 34.5c , may I ask what you bought...

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tradingbull

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01/05/18

21:42

Post #: 32812687
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Originally posted by goldbear77 ↑

have no desperation. sold 1.1m shares at 34.5c when i said i thought the stock had gotten ahead of itself.

though thats always a very personal decision - nothing to say it couldnt have gone on to 60c - a near term delivery of Telstra or Ingram Micro may well have done that late last year and i;d have missed out

but peers all started peeling back at the time - which suggested profit taking among the big shrewd investors. as i said at the time

but in the same way as people conflate expectation at the top - they overdramatise at the bottom

have spent ~4 years trying to help BUD forum watchers differentiate between the facts and the spin - both mgt, mkt and naysayer/shorter/competitor stockholder - top and bottom

right now is the time to peel back the layers and help people understand how business actually works vs the theoretical bs people with no experience come up with

the market is full of negative theorists who are always looking for a 1c buying entrypoint

let me give you an example how this works - the directors of Sandfire resources were renowned shonks.

their business reputation was very poor at the time of the de grussa discovery - after a series of pump and dumps. but 'reputation' among most idiot stock market opinions really means 'what has your stock price done for me lately'

at 80c or so a massive wave of selling came through the market - and with that out came all the naysayers - who talked about mgt spin/bs, poor history and stock was worth 10c

naysays never say anything on the way up - because they actually are sideline weathervanes without much true sense of what is real and what isnt

you see it every day in HC

vice versa when they are at their loudest is the time to buy

SFR fell back to 50c or so - then went to $8 in what - if you look at a chart - is almost a 45 degree line

that doesnt mean SFR directors suddenly were cleanskins. they had promoted the stock to within an inch of its life - well beyond what the current stage of discovery results supported

But in the end that optimism was more than borne out - and the naysayers totally confounded

the skill is to ignore the noise - peel back the layers - and look at what is actually there vs what should be

that includes peeling back the bs of mgt teams - who are generally self interestedly involved in promoting higher stock prices

when they say 'where there's smoke there's fire' is generally true for the upside vs the downside

ie mgt teams dont generally bs the market if they think there's real risk there is nothing there - because thats a ticket to litigation and jail

you'll notice the BUD CEO signature on the latest quarterly. thats legal risk

nothing is ever all black or all white in stocks. just because ceo's gild the lily - doesnt mean no lily exists

at the bottom the naysayers will say there is no lily. at the top mgt will be telling you there's a garden

the skill for all investors is to distinguish what is what and who is who

thats why im taking pains to give insights from my business life that help thinking people dive deep into the actual processes involved in setting up Ohm - then work out for themselves what they consider to be real or not real

as ive said before - i was also there for Bre-X - Ive seen a mgt team completely fabricate the facts - in the end one got thrown out of a helicopter

pretty much nothing can protect you from directors who are willing to flat out lie repeatedly. that '1%' risk always exists in all stocks - as shareholders of CBA now know

but thats the rare exception. the common behaviour is mgt has rare periods when market treats them kindly - and so they tend to try to make hay while that sun shines

its not commonly total fabrication. but its rarely warts free or as fast as what they imply investors can expect

and so far none of the naysayers ive read has shown me anything in the decent income lift that isnt consistent with what I would expect given teh dribbles that annuities deliver that become very significant over their lifetime

its precisely the same reason why almost no kid keeps putting 10c a week in a savings account from age 12 - despite everyone being told about the benefit of compound interest

people want big numbers that very day - no risk and no uncertainy

rl doesnt work that way

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Sooooo , GB , you sold out at 34.5c ,
may I ask what you bought back in at and what your strategy is for the next few months , years ?

BUD Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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