We are definitely on the same page on divi.
As to buyback I still object, I strongly agree with old Ben Graham the fiduciary duty of directors is to protect small holders not buy them out at desperately low prices. https://hotcopper.com.au/threads/heading-towards-50-cents.3285770/page-15?post_id=23413371
I have certainly bought plenty of stocks that subsequently halved, big paper losses don't bother me. Yes lucky to get in at the bottom.
After arguing with the d o c about SGH and Quindell the company seemed really flamed out at that price. As always I avoid market timing and think that was putting people off. https://hotcopper.com.au/threads/heading-towards-50-cents.3285770/page-16?post_id=23413419
As a general rule when threads with headings like these appear it's a very good sign for me. It's so funny that people won't buy because they think the price is falling, we have no common ground there.
A few posts later I had stated I was holding. https://hotcopper.com.au/threads/fo...3374487/page-19?post_id=24203706#.WpCQYoGYY0M
I don't mean to skite and luck is a factor but I wish people would listen to what I am saying.
Give up the charting, the shareprice will fluctuate.
Buy at a ridiculously low price, only ever buy things after they have been hit by a bus IFF you are confident in a recovery.
I try never to buy a business where things are going well. There's always something unexpected which could smash them - and striving for a 10 or 20% return seems like a piss-poor effort.
If the shares go down don't fret, buy some more or not. Don't hurry or borrow, get rich slow.
So yes I am lucky but also fortune favours the bold and well prepared in my opinion. I was lucky also with SMX, CDD, PRG, STO, TWR and AWE.
The more I learn the luckier I get.
SHJ Price at posting:
66.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
