a disaster area - nothing new, page-2

re: a disaster area - not really eh ac? Dear B2

This has been a great stock to invest(!) in at the right time. AC has pointed out in the past better to buy a simple stock like this at the right time than something more complex like AWE or ROC. This latest little fracas has shown he is right.

I've held AWE a long time (I bought at 20c and am reluctant to let them go) also ROC because I like the way nothing is hidden or ramped in this stock - quite the reverse. And because I held these I just did not bother to buy NWE or say BUY though I had the odd low bid on at times.

In the case of NWE I was perhaps a bit reluctant to get back into a stock I made heaps on in the grand Puffin lead up, so thats just psychological, but the fact remains that those who got shares in the placement or bought on market at a little above the placement price either were able to take a predictable 50% odd profit in less than 3 months or were able to get out for their cost price after the well : and that's a free well. ie you had a bet on the well for nothing which is more than I got from ROC.

best regards
pj

pj