re: meltdown!! alpha G'day Alpha,Always good to catch up with...

re: meltdown!! alpha G'day Alpha,

Always good to catch up with you. Are things going well with you?

I have found that I am absolutely, totally useless at predicting price movements (I know it took me a while but at least I came to that realization before I ran out of money :) ) Hence, I am now just sticking firmly to my Buffett-like value investing principles. The price of CST goes up, the price of CST goes down but it's potential just keeps getting better.

I just keep reminding myself that "the market is irrational".

I'm having fun, making money. Can't ask for too much more.

I find that, psychologically, I am becoming very centred about the investment process. Price movements such as we have seen in CST in the last couple of weeks now have no impact on me. I remain calm and retain faith in my own research. The fact that others push the price this way and that does not have any impact at all on my fundamental valuation of CST.

I guess those firmly clutching their brand new copy of "Gun trading for novices" will find all sorts of paterns in the recent trading and act accordingly. "A hunchback ghost drinking tea from a Wedgwood saucer" has to be a reliable indicator.

One thing is certain ... if it doesn't go up today then it will go down, unless it goes nowhere. :)