hi kal,
have to agree. No point being on an elephant hunt if you don't get excited when you see the footprints of a doozy.
I think we should all remember this time - because I think this time - right now is going to be the time of regret for the punters who didn't get in at a very cheap price - I might be wrong but lets wait and see.
Here's my tip - all our research, all our discussions, all our study of geochemistry (for those of us who had to brush up - me included) -- all this work and all this ?risk, punt, whatever you want to call it - I call it guts and determination ------- I believe in a yearish - maybe 6 months, maybe 2 years ----------- we will be looked down upon by some and call 'lucky' by most.
"God they were lucky to get in at that price"
I get it now from friends - I bought a swag of hsn in the guts of the gst - on that investment it now pays me about 30% and is solid as a rock ---------- I am told I was lucky with that regularly.
Believe me luck had nothing to do with it - pressing the buy button was a 'god I know this is good, but I hope the timing is right' event ------------ it was.
It takes guts to get in at a bottom when you don't know it's for sure a bottom and it takes guts to buy and hang onto fml at 5c (more or less) -------- but two elephants, a couple of deals and a dividend stream in a couple of years and people won't even remember it. You will just be called a lucky sod.
Well they can call us what they like - as long as I am drinking Dom I don't care if the 'unlucky' are drinking bore water.
have a great weekend all
Pinto
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