just remember that ARG had a really big WAR chest of cash that...

just remember that ARG had a really big WAR chest of cash that it had not used when the market rallied.

this is why the share price never really went over $8.20

so if you are ARGO as a long term investor your sitting back rubbing your hands together.

Once things settle down. i would wait and see what they have increased/decreased there holdings in.

i suspect they would be buying more BHP, more NAB, more MQG.

the correction for ARG gives them an opportunity to load up on value.

after all they are a long term listed invested company and you dont make 14 % returns every year for 30 years if your strategy is not right.

For ARGO Investments this is the opportunity that they said would come, as they did not buy stocks with the all ords over 6000 because they saw the market fully priced.

no luck is required for ARGO investment share holders. we can only hope that the share price drops to $6.00 so it gives us a long term plan of creating wealth at a discount.


good luck