I'm up nett after int/divs $290K with a port of now~$800k since starting "big time" margin lending Aug 2001..but I'll never forgetwhen SOG fell out of the sky towards the end of 2002...I was holding 50,000 SGW at ~$4.80 when the delayed results came out...I had no stops and saw the crash happening.."luckily " i managed to get out at ~$3.30 before it settled @~$2.80..and the rest is history. I must admit I was tempted on the latest pullback to put the small toe in the water..but when the results were delayed it brought back the memories of 2002 and I adopted a wait and see attitude..thank God I did...my thoughts go to those who lost on this one..it teaches us all a lesson on the risk of equities vs Cold Hard Cash ...that's why I always maintain the argement that you must limit your downside by going for value and letting the good ones run to make up for your losses and exposure to the risk of the markets!!
My biggest winners in order AMP NDY HHG GLD NCM biggest loosers SGW ANMNA
SGW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
