Great Strategy, Love it, I'm really good at it as well. Its taken years but I now have it down pat. Wait till a company looks highly profitable, billions of dollars of cash in hand, pays good divvie, has sound management, then buy it, then !! sit back and watch it plummet.
On the other hand you can buy a company with no cash, no assets ,no divvie , a woke management team , COE prides himself of looking like a cave man (ie does not shave in the morning ) then sit back and watch it go through the roof. Yep , it's taken years but I have I've finally learned the way the ASX works.
WBC Price at posting:
$23.05 Sentiment: Hold Disclosure: Held
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