In this business of investing and trading , you do have to be able to detach from the emotion's of it all. Even with your answer JD , you seemingly refuse to step back and acknowledge that you got the stock specific investment cycle wrong. It's easy to blame the ' Macro ' events which are happening all around us - and these sorts of issues have been happening in markets since forever.
Remember its not a Stock Market but more a Market of Stocks.....and so you have to get everything right in you timings - not just your ' specialty ' skill. The market has a long memory for these sorts of issues , and yet while the more the Market changes, adapts and learns from the past , the more it equally stays the same - if you understand what I am saying. Market history is littered with hundred if not a thousand situations of SP behavior that AUZ is going through right now.
It is easy to see why some investors thought that maybe ....just maybe AUZ was the next big thing. We only had to look at a couple of examples like:- Sandfire Resources which on March 19 2009 it share price was .06 cents - and then $7.92 on 29th October 2010. And again with Fortescue Metals where its Share Price was .49 cents on December 16th 2005 and then $12.13 on June 27th 2008. So everyone fell in to the ' emotive ' trap that this was all possible with AUZ as well. And why not after you see it's initial SP performance in the first couple of months from October last year.
There is a few distinguishing differences though in these comparison's . The first is the Industry. The nickel industry has been checkered with problems and failures for quite some time. More recently with QLD Nickel , but also MRE and its troubled history. There are many more as well - far to many to mention to include in one post.
Second Reason would be the Industry dynamics itself - which stem back to the development of the Giant Voisey's Bay project and other Large International Projects. The ' Fickle ' Nickel market itself proving more difficult to get moving at times. All of this and more.
My final reason is that it was known fairly early on from the SP behavior that AUZ was never going to be a Sandfire or a Fortescue . The simple reason being that the SP did not have the ' carry through ' momentum to create a similar sustained and constant upwards re-valuation of the company. So this in itself tells me that the Investing Community did not believe the story to the same extent as these two Important reflective examples. In their cases , the SP never looked back - not once from the dates provided.
So for me its more about the failures in my opinion and the reservedness of the Banking Industry perhaps to jump in without a certain increased level of conservatism.
I do feel for you though as it certainly is not your fault. Maybe something do to with the sheer number of posts you have logged - always championing and defending the cause. Maybe this has something to do with the backlash. However, it's clearly not your fault. Sometimes in this game it is very easy to loose sight of direction of things and as a result miss some key investing criteria along the way .
Good Luck folk's - Hope it is a better day for you all......
AUZ Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
(20min delay)
