Hi bas3 and all,
Let me explain my point on 'selling if not happy' - if you will it is a personal view. The world is a wonderful place, family, friends, experiences - scenery, food, cars, sport etc etc what ever takes your fancy and gives you pleasure or satisfaction.
Holding a balanced portfolio over a few accounts I view companies as something I can buy and sell or buy and hold to make a profit. If they take a direction I don't like or too many mishaps occur then I usually sell and move on.
I did this with NAV at about 16c, had believed and then saw relentless insider selling (on no news against the trend in the market) I could not explain and so I sold and moved on because I was not happy - life is short as soon as I sold (at a loss) I moved on and quickly made the money back. I did not stay and fight no point.
Ditto IAU recently the management took a hit via a partner in Indonesia, then a wealthy local got in cheap etc - which hammered home the sovereign risk aspect and so I sold (at a loss) and moved on. Did I want to stay there and fight and argue as I had that right - hell no I am just a shareholder so not that attached.
Many gold stocks out there that are going to benefit from gold and the Chinese and others wanting it. If I am unhappy with one I don't want to stay and fight it - what is the point? I own a small stake relatively in more than a dozen stocks. I am 55 years of age and have lived through business that did not work out and some that did. I have learned to walk away and not stress as much these days. I have learned to be diversified and to be flexible.
If I was unhappy with SGG or FML I would sell and move on - enjoy life I say there are some things worth fighting about but not that many in the end. I fight for freedom, family, love and honesty and my human rights.
This is what I was talking about without a full explanation. Just a personal philosophy that has saved me a fair bit of angst the past 10 years or more since I worked that out. But do it your way, it is your right to object so not my call. FYI that is why DT put it to you all that way - so you had your say.
CW
DYOR&DD
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Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 52454 | 13.5¢ |
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Price($) | Vol. | No. |
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15.0¢ | 2100 | 1 |
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No. | Vol. | Price($) |
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2 | 52454 | 0.135 |
2 | 20009 | 0.130 |
3 | 62595 | 0.120 |
2 | 18181 | 0.110 |
1 | 8571 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 2100 | 1 |
0.155 | 14055 | 2 |
0.160 | 37300 | 2 |
0.165 | 71956 | 3 |
0.175 | 16889 | 3 |
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