IPO - Elsight Limited, page-65

My belief is 90% of stocks have no long term prospects.

Brokers look for deal flow in hot sectors, whatever is flavour of the month and flog it off, I will happily take a punt on hype or a strong market with no intention of having a feeling of loyalty , quite often brokers who do the raise don't care themselves. If it's brokers I have a good relationship with who want support I will help out but it's a back scratching excercise.

You take a punt and the only way to survive is with good money management techniques.

You seem them go from telco to Dotcom to oil then uranium switch to iron ore then pot stocks and around we go, in fact less than 1 in 10 even make it even though they all have a great story to tell.

If people want to stag and take what profits they can I say good luck to them, it's substantially more than 90% of traders that fail in the markets anyways.

To me it's just one big game where with experience time and contacts if you can survive that long you'll end up with the odds in your favour, good luck making it to the 1%s though