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Is this the ASX's cheapest gold developer?, page-61

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gumby78

159 Posts.

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19/02/19

01:41

Post #: 37478217
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Originally posted by eshmun ↑

Originally posted by BobbyKennedy
I’ve never understood that logic, Esh. You were happy to ride down this down to 10c but you’ll bail immediately after getting back to black? So your downside risk tolerance is circa 50% but your upside is 0%? Hope your P&L reads better than it sounds.

It’s a pretty common psychological peculiarity in the markets and one that I’ll never understand.

Is there something in the business that you don’t like now at 25c that you did like at 10c?
Yes. I don't like basket case stocks that give investors roller coaster rides. My trading strategy is like that, I mitigate risk in my portfolio using stock weightings. I'll wear my mistakes in the bottom drawer for as long as it takes. That way I learn to minimise the mistakes I make on entry. I had my doubts about EAR when I bought. Listened to all the talk about the NST takeover, fell for the FOMO, despite my own research telling me different. Classic mistake. It's just the gold price bouying many of these stories at the moment, not any acts of genius on the part of the companies. Esh

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i think a soaring gold price could make the larry's, mo's and curly's of the mining sector look like Albert Einstein.

EAR Price at posting: 23.0¢ Sentiment: Hold Disclosure: Held
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