motley fool update

See they still try to bait people with their last comments to buy a subscription



Our 'very bad call' on Maverick
Finally, it wouldn't be a Take Stock if we didn't mention Maverick Drilling & Exploration (ASX: MAD).

We received an anonymous email from a reader who said...

"Fools,
Very bad recent call on MAD. You upset a lot of your readers. Guess I will not be subscribing to you and will be telling everyone not to do so."

Tough gig this share-tipping lark.

A stock goes up 600 per cent in the space of a few months, you advise Share Advisor subscribers to take part profits, and you get accused of making a very bad call.

We can't wait to see the hate mail when we do truly make a wrong call.

If there's nothing more certain in investing, it's that you will make some bad calls. Remember, a strike rate of 6 out of 10 is considered to be enough for a successful investing career. (Don't worry, we have higher aspirations!)

When you have stocks that rise 600 per cent, the good calls should outweigh the bad ones.

To date, Motley Fool Share Advisor has avoided making any bad calls...as of writing, 9 out of 10 picks are in the green, the two biggest winners each up more than 50 per cent, with the only loser being down 4.5 per cent.

As we said to our reader, we have no incentive to upset anybody. We hope MAD goes on to bigger and better things.

We just thought the downside outweighed the upside. We'll re-assess after the resources upgrade. If we got it wrong, we'll put our hands up and admit it. Many readers will still have a lot riding on MAD, as Bruce and Dean do.

Very exciting events
Dean and Maverick executive director Brad Simmons swapped emails again this week, and Brad has once again kindly agreed to update us after the company releases its reserves upgrade, likely next week.

As ever, it should be a fascinating update and insight into Maverick's business. To whet the appetite, Brad told Dean...

"We have a string of very exciting events ahead over the next few months."
We'll bring that interview exclusively to Motley Fool Share Advisor subscribers.

Until next time, as ever, we wish you happy, profitable investing.

Foolish Best,