SGH, page-301

I never said any of that, maybe you would be better off addressing what I actually said rather than gallivanting around tilting at straw men and windmills.

What I said was I wasn't sure about the company as it had no earnings history and the shortsellers raised enough genuine doubt for me not to buy.

An innocuous statement like that was met by @DrWho with intense ridicule and I was literally shouted off the thread by his followers.

What I say about frauds and shortsellers is correct, NIHL met the signs. Explosive growth in a mature industry is a classic sign of fraud.

Do you want to address that argument or stick to ad hominems, personal attacks and straw men arguments I never made? I have never complained about a post but you do it 3 times a day, talk about thin skin.

I haven't investigated the entire business as why would I, I never held a position. Given a little fraud seems likely there was a lot.

If @DrWho was serious about learning the basics of investing he would need to separate the quality of the idea from the source.

I am not averse to listening to shortsellers or analysts, I don't have to know everything. I will listen to whoever makes the most sense regardless of what hat they wear.

It just happens that people wearing the biggest hats and making the least sense hate my attitude because it reveals a truth in themselves they would rather not admit.



In my 2000 posts over the last 3 years I have lots of people calling me crackpot, I haven't had to change my profile like the Almighty as I have been 100% correct with my investments.

AWE, PRG, STO, SHJ, CDD, TWR and SMX all included in there.

I don't need to care about what anyone thinks because my portfolio has gone from $100,000 to $560,000 over that time while @DrWho gets a big goose egg for his brilliant "investment" in SGH.

Clearly as little as I know he knew even less and I never owned the stock.

I am am happy keeping my own council - reckon I am just hitting my powerband. If you want to know how I invest, start with DrWho and do the opposite

It doesn't matter if people call me fool at the time I take a position and then lucky after. You would think they would be keen for new ideas but it seems they prefer entrenched ones.

Does this relate to SGH - absolutely.

I didn't warn against this as I both wasn't sure and didn't have a short position.

The great benefit I got out of watching from the sidelines was a lot of free learning at no cost, an interest in short selling/fraud and a position in SHJ at a very attractive price.

These will prove very valuable to me.

Now I say I suspect that Gotham had the fraud bit right, he said Quindell was worth 0 and so it proved. Industrial deafness was just one aspect of that.

I hope holders get as much money back as possible, I wish I could say that there won't be more fraud in future but there will.

As long as people remain most credulous when they are placated by overinflated asset prices rise and fail to question their paid managers. As long as managers take advantage of this and fraudsters are given breathing space to screw over hard working people.

Everyone was responsible for SGH to varying degrees - it's a human tragedy. Amazing that years after the fact people still can't admit what happened. Every day more frauds are born, the shorts are the only defense and they are fighting a losing battle under attack from all sides.

If we don't say fraud that doesn't mean it won't exist, just means this.


You can carry on doing that @DrWho - no skin off my nose.

GLTA