People make money off your greed - so dont be greedy!

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Apr 14, 2012.

  1. SilverSanchez

    SilverSanchez Active Member

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  2. Anthony

    Anthony New Member

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    I agree, too much hype for my liking.

    Talks of up to 1000% returns :)
     
  3. finicky

    finicky Well-Known Member Silver Stacker

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    Did some googling on Thursday to try and zero in on the stocks he's alluding to.

    The first one is WHL Energy (WHN) "15B BO", "holiday resort" = Seychelles, "5c stock", "seabed"

    The second new technology natural gas middle man processor is Liquified natural Gas (LNG).
    This one's an old punters pick and stock forum past hottie. Interesting project though, a proprietorial cheaper way of condensing NG to liquid and got a site developing at Gladstone and some 'agreement' and investment from a big Chinese company

    The third oil play in Africa might be FAR Ltd (FAR), but very tentative about that deduction.

    The fourth, 198 acres prime real estate, is Bunnings Warehouse Property Trust (BWP)

    The fifth he barely references, but could well be Linc Energy (LNC), which is an old pick of his, and has declined in share price to close to support around $1

    Edit: update - that third one I would say now is definitely FAR Ltd (FAR)
     
  4. SilverSanchez

    SilverSanchez Active Member

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    I own Linc - great price in my opinion - good managment and I belive they are able to deliver on their business plan
     
  5. finicky

    finicky Well-Known Member Silver Stacker

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    Linc's the only one of those that I hold. Bought 50,000 @ 26.5c in 2007. Saw an ABC Landline program about nascent energy industries in the Surat Basin; Linc was covered. Watched it go to $5 (twice), still didn't sell. Watched it plunge to $1 in the GFC, recover a bit, plunge again in 2010, recover strongly, and then I made the second mistake - I bought 10,000 more when it broke through $3. Chart based decision, but totally inconsistently, when it fell back below $3, thus negating my sole reason for buying, I didn't take the small loss and sell. Result - back to $1 again.
     
  6. SilverSanchez

    SilverSanchez Active Member

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    you don't take profits? My aim is to be risking no seed capital on any of my investments.
     
  7. finicky

    finicky Well-Known Member Silver Stacker

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    Wouldn't you infer from what I said that I've changed my approach ffs.

    Linc's yet another management not to be trusted. Big on the PR and promises and Australia analysts won't touch them. I saw 3 commentators give Linc the thumbs down on one Your Money Your Call program - totally unanimous on the management.

    That period where one after another directors had to announce to ASX that they'd sold shares @ over $3 and give reasons like health, buying a house. tax and at the same time declare that they had total confidence in the sale of the Teresa tenement - a month or so it falls through

    Then they're definitely going to sell it to Yanzhou - didn't happen. Then they do sell Galilee for $500m and blow the money in like a year.

    And what's really happening on the ucg gtl front? No-one outside the company knows.
     
  8. metalzzz

    metalzzz Well-Known Member

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    Sky news business is the biggest crock. It's a voice to the sheeple.
     
  9. SilverSanchez

    SilverSanchez Active Member

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    I dont listen to tv stock commentators, you have mentioned two as support for your decisions. Why listen to them? If they were really that good - they wouldnt be working for a network, money magazine or whatever.
     
  10. SilverSanchez

    SilverSanchez Active Member

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    And no i dont infer stuff - if you dont say it, I dont assume it.
     
  11. finicky

    finicky Well-Known Member Silver Stacker

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    Good show 'Your Money Your Call' on Sky News Business - regular appearances Roger Montgomery, Ben Clark, David Novac, Dale Gillham, Janine Cox (yummy), Howard Coleman, and a host of others making for enjoyable debate from both a T.A and fundamental POV
     
  12. finicky

    finicky Well-Known Member Silver Stacker

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    If you're getting emphatic consensus from the pros against your stock you'd do well to take note. At the very least it shows poor sentiment for the stock. You need institutions buying as well as lone retail investors.
     
  13. SilverSanchez

    SilverSanchez Active Member

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    Maybe - but I do look mid- longterm. and most people have a short term obsession.

    I do what I do, and I have the opinions I have and im working my plan. And im doing ok

    And most importantly I sleep well at night ;)
     
  14. phillis

    phillis Member

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    I got that link from a Daily Reckoning email. i cannot take any videos they post seriously.
     
  15. finicky

    finicky Well-Known Member Silver Stacker

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    Is that right? Well Linc Energy (LNC) just went up 33% in the first half hour of trading. Geez and the chart was suggesting a relatively safe pick-up around this low at support too.


    http://asx.com.au/asxpdf/20120416/pdf/425mhyrxtnrz5j.pdf





    .
     
  16. finicky

    finicky Well-Known Member Silver Stacker

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    Why are sheeple always calling other people sheeple? Or 'the masses' it used to be. We're all mostly sheeple when examined.
     
  17. Guest

    Guest Guest

    Pump and dump is the ethical business model of the modern age, what makes anyone think other markets are any different?

    Australian housing anyone?

    There is no avenue for innovative investment, industry and production for profit in a world dominated by ponzi, skim or flip ideology.
     
  18. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    When it comes to greed, can i just ask what's your preferred % gain for your short term trading (with IG Market)? 5%? 10%?

    I closed my lynas today from buy low $1.
     
  19. SilverSanchez

    SilverSanchez Active Member

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    I dont think short term % - it just has nothing to do with my investment philosophy.

    My questions are

    - is this company going to be around in 5 years?
    - is this company going to be attractive as a take over?
    - is this company doing what it says in the time it says and on budget?
    - Does this company have something that people want or will want?
    - Does this company have management that have an attitude that i spossitive and respectful to shareholders interests?
    - is this company's stock currently at a price I am happy paying for

    price % doesn't come into it
     
  20. SilverSanchez

    SilverSanchez Active Member

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    Oh... BUMMER!

    I was going to buy more LNC this morning at close to $1

    Freakin missed it on friday! now missed it again!

    GRRRRR!

    freakin should have followed my own advice and put a order down there.
     

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