It's easy to get caught up in the day to day movements of...

It's easy to get caught up in the day to day movements of Maverick. They certainly can be exciting - and/or devastating.

I myself have enough shares in MAD to be up or down thousands of dollars in a days trading. It's hard not to buy into the almost daily changes in sentiment, and at times, the crazy gyrations of MAD.

However, after stuffing up my early entry points many months ago, I started to realise that MAD is truly one for the bottom drawer. It's a cliche I know, but I honestly haven't seen many stocks as suitable to hold medium to long term in my 10-15 years in the markets. Hence I have taken a very large (for me) position in the MADster.

Consider this. Forget about the daily gyrations, take a step back and check out the monthly chart.

MAD has risen an impressive 7 out of the last 8 months. The bad month in May was bad for just about every stock out there. Compare this to the XAO - it has also been in the green for 7 of the last 8 months. However the XAO is back where it started. MAD is signicantly higher - many multiples.

Personally, I think we are in for a nice X-mas present (in 2012 and 2013!!) as there seems to be a very good chance MAD will continue it's stellar performance for a good portion of the months ahead.

Charts;

MAD Monthly

XAO Monthly

Cheers.