weekend lounge 23/11/18, page-37

Hound and I just read that Warwick Grigor blokes quote, kinda sorta half agree with it actually, not about it being shut down however.

The very fact that HC is skewed heavily to the spec end,

An area of minute investment, high risk, emotion bias, process deficiency, greed, fear, gullibility, ignorance, best intention, experience, lack of, smarts, dumbs ………. really should result in at least a tiny bit of scepticism for anyone considering as their major information source, like any opinion the pareto 80:20 principle applies and HC's 20% is good information which can lead to very good outcomes.

Although on 2nd reading maybe not what Wazza was on about

To the market, so we have one index in particular still with quite a few points to shed by consensus.

How this will play out the team has no idea other than current trading process reflects high risk environment.

Couple of models (amongst others) outside of the influence of sector momentum for when (if) things settle down,

SLC, PBP, CLV.

PBP has had the garages attention for quite a while, one of a very few small caps we have periodic large exposure to, a MC < 100m, just initiated a buyback of up to 10% of issue on back of a very generous special divvy while displaying metrics pointing to high growth.

In current climate not suggesting commitment just awareness DYOR.

Came home from a BH ‘corporate do’ the other night, BH all ‘dolled’ up and half pissed, me being the designated driver with the clarity of mind to be working on the immediate trade of pulling the ‘monthly’ forward on arrival, confronted by daughter, baby possum she is mothering back to health after the ‘cat’ incident, couple of adult possums and the hound all sitting around chewing the fat, strange?

The daughter has an affinity for local wild life and wants to be a vet god bless her, my comment she has to start thinking about how to bring about that outcome and maybe lighten up a bit on her main job at the moment which seems appreciation of her reflection in any given mirror a source of angst.

The possums seemed completely relaxed in hounds presence, even ‘Frank’ our local blue tongue down the back seemed secure when hound and I went down for a feed of table scraps the other day, usually Frank is a bit sceptical of the hounds intentions and just comes out of his log grabs the meat and scurries back, but on this instance spent a bit of time with the team discussing the market before retiring at a leisurely pace back to the comforts of his log.

Frank has had a couple of run ins with the ‘cat’, one which resulted in a vet visit, maybe the word has got around of the hounds ‘finest hour’ in despatching the savage feline from their territory?

Fark me some weird shite happening around the environments of the garage atm, let alone the thought processes within.

Appalled at the lack of VM on a sax weekend on the STT, little bloke suggested this oversight does not reflect well on forum.

Well which one do you go with, so much quality but in theme with market and it being held ‘stranded’ to the Dow’s excesses the below is appropriate one would suggest.