OEX 20.0% 0.6¢ oilex ltd

BD - I like a positive approach.But I came out of the NEN crash...

  1. 1,409 Posts.
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    BD - I like a positive approach.

    But I came out of the NEN crash - not unscathed/very much poorer.
    The NEN forum was so gee'd up - in hind site it was crazy talking - but at the time it was exciting. Everyone was talking multiples x baggers, wealth, new houses etc so dangerous and unrealistic to let any of that influence your decisions.

    Well, reality certainly came to my bank account and took out hundreds of thousands of dollars in one night after the bad announcement. By the time the market opened we were all dead in the water.

    Now I switch out to others' excitement - it does tend to make me a more critical and dower person.

    I now stand next to the exit door with my parachute on. My worry now is that while I think OEX's potential resources and success are plausible, I'm so damn nervy I might accidentally jump at shadows.

    I don't want to get rich any more, I just want to break even.

    The lesson for me:: take everything on these forums with a grain of salt. They are for investors that like to pass the time of day while watching their shares/market. My experience has been that participating in these forums has not materially improved my investing performance. But, that's just me.
 
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