I agree that the job becomes finding the few. It can be done. I have shown that.
Of course, you are right that one still needs to monitor things and sell at the appropriate time. I sold CER on a 100x return for example and holidayed for a number of years on the proceeds which also reduced the tax payable on the gains a great deal.
The downside example.
I currently have some AW1O options paid under a cent for them and they have been to 20c or so and back to the 2c area right now and expire in September. I really could lose 100% here but still hold and still hold as a profit for the time being if sold. Lots of news between now and the September expiry could see huge gains or see me lose 100% or 1x. The upside like last year is more than 20x potentially. @1ronnie the shares you posted above are showing changes of only 10-30% in the main. Those figures are totally dwarfed by my figures in percentage terms due to the ratios.
ie 10-30% versus
lose 100% or gain 2000%
One can lose many times and still be well ahead overall due to the ratios - they really make a difference.
I don't expect to lose on AW1O but could in say a general market crash. If that happens, I will have lots of stocks to pick from that have fallen huge percentages including AW1. Crashes are scary but in the long run they enable buying at very low prices. A good thing for long term holds.
- Forums
- ASX - General
- Its Over
I agree that the job becomes finding the few. It can be done. I...
-
- There are more pages in this discussion • 1,333 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online