Post of the week.
Big boy pants....LOVE it! lol
*Seriously, though...hunting 20+ baggers isn't easy. The discipline required is incredible...you have to research the heck out of everything...second guess everyone, including yourself.
I find baggers everyday...that's easy.
It's the MENTAL disciple to not sell IF you know your RIGHT.
(I held AGY for 11 months while it flat-lined at 2.8 cents...I sold in the mid 30's. I HELD and HELD...I knew I was right...and I was.)
Everyone saying..."nothing wrong with taking a profit....free carry...don't lose it all. Stick to your plan etc."
That's fine but, how many 10 and 20 baggers do THEY have?
It's not easy to find a great story and sit on it.
Seriously, I have really, really BAD days...depressed to no end. You stare at a screen and it doesn't offer kind word or a hug.
*There's a movie called the... "Loneliness of the long distance runner"...
daily, I think of it as..."The loneliness of the long term stock picker."
-You talk to your wife, friends...tell them your sitting on 2-3 bags...What else they going to say??
It's not easy to have the discipline to hold on a good story when things look bleak. But I find the discipline to hold.
(Even the downrampers know the story is great...notice they are bagging the SP...not the project?)
Not selling...doing nothing...isn't easy.
(if it was...the afr top 200 rich list would be packer with stock pickers...it isn't!! I look every year.)
Stocks don't go up in a straight line...I wish they did.
I made a top 10 Yahoo play/pretend portfolio in '97.
I put MSFT, Amazon, CSCO, IBM, PAYX, Coke, Apple, Amgen, ATI and PFE.
A few duds, a few decent baggers but two...200+ baggers! I actually had 8k around then...If I'd put 10k into those 10 and came back 22 years later...I'd be sitting on 70 bags!....
700k
for doing nothing!
Every-year the ASX provides hundred's of 5, 10 and 20+ baggers...EVERY YEAR.
They're ONLY baggers IF...YOU HOLD them.
That's the hard part...
Sit on a 100%, 200%...and say...that bugger has a way to go.
That's OG.
Look at why you bought ADN.
Has the Halloysite disappeared?
Is everything still on track?
If you are thinking about selling...you shouldn't have bought the stock.
I have NO concerns about ADN and it's assets. Or James.
I have a small issue with the board set-up and Andrew/Pac Partners...but, that won't affect James turning ADN into a 500M+ company.
I've had stock that I've sold at 50% and 98% loses.
I had the lose because "I PICKED" the WRONG stock...
not because the stock went down.
You need to have a 1-2 year time frame.
If you want ADN to go to 20 cents in the next 2 months...it's not.
In 3-6 months it will be A LOT higher than it is today. Bookmark this post and try and throw it in my face then.
Look at ADN...
either you have BIG boy/girl pants....or YOU DON'T.
IMO
DYOR!!
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