This helps to reinforce my belief that "every dog has its day". Even seeming `losers'. If you wait "long enough", some of them will eventually pay off (at the same time, some might go bust - one will have to balance his high-risk portfolio). This is still "normal returns" though, not really the bonanza which some of these losers have the potential to bring when something happens. Some of them made returns of more than 200%!
Anyway, I don't have too many shares in SilverBird - just "enough". The big winners are my father, who has been playing the market since the early 1970's - and a close relative. They had been stocking up on its shares for some time... 0.08, 0.07, 0.06. These grizzlers know what they're doing and they have the means, experience and patience to wait it out. I'm getting just the crumbs compared to them but that's okay. My principle is: Any kind of profit is better than a loss.
Fat Cat, I have no idea about this sudden interest. But I'm not waiting to find out. "Make hay while the sun shines" - had already sold most earlier when it appeared to be sliding back. Doesn't matter if it goes back up; it's not my rezeki anymore.
azta12, at your entry level, there wasn't much to lose although a half sen fall would look bad on paper percentage-wise. But money-wise, it won't hurt you too much. It was worth a risk because SB had already come up with a restructuring plan. This part is important - we shouldn't buy a counter just because it is `cheap'. There must also be the potential of "something" to push up the price later in the future. Then it's a question of "when". Must have a reasonable timeframe. I was prepared to wait one year, and the returns must exceed the top end trust funds, i.e. must be more than 15% per year of waiting.
What a start for 2013 , "loyalty" does pay n this time it PAID handsomely , loh , TQ TQ TQ ....... sold big portion today n remaining funded fr profit !!! So bring it on n I shall hand on to last drop of blood or knighted with more glory in times ......... LOL LOL
Surely if Banker hv no comfort would had pull plug back in last year ??? I think there is a some light at the end of the Sungei Besi tunnel ...... what say u guys !!! Standby to buy again when it drop to 0.06 & below , loh !!!!
Still bottom line who's financing the losses n why do they still want to continue to do so by now , 4sure bankers r still positive 4merger or takeover soon ??? Similar to SAAG , loh ............
normally for proposal like this....there are undertakings by substantial shareholders to subscribe fully the right shares....but why in the proposals no such an undertakings.....
Depends on financial position of the winding up ? Holding might b responsible over certain guarantee , etc etc which might blow the last fuse ??? I and few brave individual r still holding until the last drop of blood ........ sentimental loyalist , LOL
It is pumping hard and maybe a glaze of light at the end of the long long tunnel ........ if u r brave n bought at 0.005 , u deserve champagne breakfast , ha ha LOL
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
azta12
5,594 posts
Posted by azta12 > 2013-01-04 09:32 | Report Abuse
sorry i meant silver, too excited for the bounty harvest.