re: showdown Ching, firstly, how many shares in HDR does Buffett...

re: showdown Ching, firstly, how many shares in HDR does Buffett own?
In fact, how many shares in any Australian company?

And sure, to be able to buy a stock that one would never want to sell...like Telstra after the Government's generous offer as an investment for the moms and dads.

How many of them sold when it was profitable, and how many watched tearfully as their life investment slowly vanished.

How many bought the mighty Enron when it was a bargain, watched huge paper profits....unstoppable.

And I don't have to name the others, you already know them.
The tech boom.
The gold boom.
How many paper millionaires on poiseidan?

And here we have a small oil explorer with oil.
Offshore from a distant impoverished moslim country.
In water so deep you need helium.
In troubled political times (of course when the well begins bringing in the cash it's impossible to think of some Hussein type guy setting it alight or targeting it with a missile).

It's a good stock mate, but like all others, there's plenty of if's and but's.
Traders don't spend all day whinging, because good traders have a plan that limits their losses, and they don't have to be watching the screen in the middle of the night, the stops are in place as they sleep.

Perhaps up to 90% of traders lose.
I would accept that.
That's a helluva lot of cash to be made by the 10% with enough discipline to win.

I would also suggest that 90% or investors lose too.
The trick is to have the discipline to be in the other 10%.

And I can't see anybody doing having that discipline without first protecting capitol and second knowing how to take a profit.

A realistic profit, if you bought at 5c and didn't sell at $1.00, perhaps you are just plain greedy.
I mean, $5.00 would give you a hundred bagger .... extremely rare.

Are you greedy Ching?
I hope you realise your profit targets, but then, if it made $5.00, wouldn't you want it to be $10.00?

I think perhaps you expect a tad much, yes?

Bomber