ARL 2.27% 43.0¢ ardea resources limited

All good. Someone also gave me some good advice around this...

  1. 2,768 Posts.
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    All good.

    Someone also gave me some good advice around this stock, and dragged me back from a somewhat nasty losing position...

    Please though, can I implore you to re-assess your investment strategy. Always, always research thoroughly what you intend to invest in, and watch the price action/trading, market cap, number of shares on issue, management, strategy, presentations, data etc. etc. It is so important to making sound investment decisions. The share-market is only somewhat like the casino, the main similarity is that you CAN lose it all making the wrong moves.

    Now going all-in is obviously a "risky" strategy, but tempered with knowledge and a sound undervalued stock, you can do very, very well, and reduce said risk. The hardest part is timing, knowing when to get in, when to get out etc.

    This stock, based on it's peers could reach $7.50 or beyond in 18 months, I don't want to make out that it WILL get there, as many things can happen, including JVs/takeovers etc. that can abruptly change that scenario.

    Good luck, diversify your holdings a bit perhaps if you haven't already when you take some profits.
    Last edited by shades2: 16/04/17
 
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