SDL (ASX) What I have learnt from SDL

Originally posted by Pythagerous ↑

Hi Ropoh,

Thanks for the reply and you are exactly right. I had no target price. Well I did have an upper target price of $1.00, however I didnt have a lower target price. This was one of the lessons I learnt, which combines with the lesson I learnt about making sure you listen to what the money is telling you, especially when it conflicts with your own beliefs, because money talks.

As for seeing someone, I have actually spent over 20 hours in the Psychologist chair over the past 12 months. I have never felt the urge to discuss my previous SDL experience, maybe because I have got too much other stuff going on at the moment, but more so because I have come to accept it, and I am now actually at peace with what has happened. In fact, In a weird way, I am actually happy that it happened. Had I of sold out at 60c, it would have given me a false sense of how easy things are, and I would not have learnt anywhere near as much as I have learnt now. So it would have given me a false sense of confidence moving forward into the future.

The reason why I still think about it every day, is simply because I am a glutton for punishment. I want to constantly remind myself of it every single day, so I don't make the same mistake again. I have also turned it around, and now use it as motivation.

Just in relation to Warren Buffett, I have seen some of your posts on the MLX thread, so I am interested to hear what your take is on Warren Buffett's opinion about gold, given that he doesn't invest in it.

Thanks again for the reply mate, and have a good weekend.

Expand

Hi,

As you may have seen by my selection portfolio - is highly speculative. Certainly not a follower of Buffet, but do follow some principles.

I was in MLX well before GOLD and like him did not like it as a great deal of its value comes from its quasi currency status. Seems to have transformed the company so staying in for the time being with a longer term view of MLX developing their nickel asset. Also I understand TIN will be in short supply.

In fact been in and out of MLX quite a few times for about break-even and sold down a bit after the GOLD for small profit. Also been in-out of SDL two times both for small profits. Now down on paper holding a little-bit and not a great deal invested.

Ropoh