tonydel, this company was referred to me me in January by their broker who was seeking some help . I met with Alan Knights the next day and thought, interesting stuff but low appeal. I had studied GDY and met Bertus DeGraff a few times and thought it was a novel concept but I couldn't get my head round all the professors on their board and thought it was a classic example of too many boffins and not enough commercial heads.
When I looked at comparative mcaps and thought about the assets i decided to jump in.
The shares were about 5c and I thought they would go lower. I didn't buy and didn't chase the company. They did go lower and when I read the CorporateFile announcement in march I decided to buy. Paid 3.7cfor the first 400K, Sold out at 5.3c, bought a new batch 800,000 at 5.5 and sold out at 9.6. Waited and bought 1.2M at 9.4 and a further 300k at 20c. plus paid 11.5 for 200,00 options.
My lesson is - don't trade - let the trend work for you cheers
omg
tonydel, this company was referred to me me in January by their...
Add to My Watchlist
What is My Watchlist?