maybe not a bad thing. allows those who din buy it time to get some. anyway now is still ard 1/2price. like extended gss.
(22-04-2013, 01:55 PM)paullow Wrote: [ -> ]maybe not a bad thing. allows those who din buy it time to get some. anyway now is still ard 1/2price. like extended gss.
Exactly! Market is giving opportunity to buy more. It's still grossly undervalued at current price of $0.24. The adjusted PB considering Fri's announcement is around 0.5.
really hard to predict market.
last month - no good news, rocketed till $0.275 with volume
today after good news, rocketed till $0.255 and normalized to $0.240
maybe we can pool some $, and pay Kevin Scully to do coverage.
I like muddy water hahaha
It seems that everyone is waiting to exit this baby. Some are willing to do so at 24. Others are waiting for 30, 35, 40...using the NAV as the reference. ONLY financial institutions want to take it at above book. So how? If big fish never come, wait loh...
nvm we take dividend lo...patience
To add. I think classical Grahamian stocks should be bought with a dose of diversification. A basket of these should do well over time. But...diversification is for the ignorant, right?
(22-04-2013, 03:23 PM)cif5000 Wrote: [ -> ]To add. I think classical Grahamian stocks should be bought with a dose of diversification. A basket of these should do well over time. But...diversification is for the ignorant, right?
diversification is for the birds.
i couldn't agree more with u.
immense wealth is created by focusing on less than 1 handful of stocks.
(22-04-2013, 03:29 PM)paullow Wrote: [ -> ] (22-04-2013, 03:23 PM)cif5000 Wrote: [ -> ]To add. I think classical Grahamian stocks should be bought with a dose of diversification. A basket of these should do well over time. But...diversification is for the ignorant, right?
diversification is for the birds.
i couldn't agree more with u.
immense wealth is created by focusing on less than 1 handful of stocks.
paul, you are funny.
A story came to my mind where this aspiring investor tried to convince a 70yr old man on the importance of thinking long term for his stock holdings.
cif5000, sorry i dun get wat u mean. too mind twisting.
musicwhiz can u advise wat he means?