PEX 7.69% 12.0¢ peel mining limited

new assays coming?, page-29

  1. 13,252 Posts.
    Hi adrunis! I was talking to nijiman talking about buffet. When buffet talks he buys 20% of a company and can't really get out. Otherwise he would lose a lot more plus he is worth billions so not so much a big deal. But any trader investor who thinks a 50% drop in a share they are holding is acceptable crazy thinking. It means you need a 100% rise to get back to even. Have traded this Pex a fair few times but been stop out three times as I run tight stops on it. But just can't believe that anyone would be holding a stock without considering some sort of stop loss. And I think that's the big difference between those that make good money and those that don't is the ability to take a quick loss and not hope it goes back up quoting buffet.
 
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