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Heids--Do you see a little rise coming late on??
Heids--thought your JD would have all been gone by now and get ready to crack open the BOLLY!! Stuck where we are for today I feel. Such a lot to look foward to though
I prefer a factor .30 or more when im sunbathing, those settling for less are getting burnt.
I have some of my Union Jack Daniels left.
if we reach 0.27 before 1700..... drinking is on
calm down scoredagain you sound a bit bit excited.
Cant you you get one in
Afternoon lift may be coming. keeping abreast of the situation..
Top up that beer isdeer.
Looks like eyes are on heid
Heid, leave your bra off, we need a big bounce.
When you're quaffing a beer by the pool you dont need a shirt.
Looking at my charts, a little bounce may be coming. Funny that ! x
Oh no, nice an firmly in place.
Well, I will still have me bra on .
Always remember though never Back the ranch on one stock you just end up losing your shirt
So true, bigeye54! Particularly the last bit "and hold them".
Concentrated conviction investing is an area hardly covered in investment literature and theory, they all bang on about diversification - including inflation, currency and lately brexit-proofing (!!) techniques. No risk! Great! But no reward either...
Real wealth is only created by doing the opposite, investing in just one or very, very few companies over years or even decades. Typically, wealth creating people invest in their own companies or at least in companies they run or control as majority owners. But the same investment strategy can be used for any listed (or unlisted) company: Hold for years in growing companies.
When you run your own growing company you never focus on its share price, or hardly ever even share value (NAV), that is just too boring and would just be a distraction from the job.
With quoted shares, not to mention AIM shares we are not so lucky. NAV may be reasonably constant from day to day but the share price... We are reminded of it all the time and it goes up and down and everywhere and it is a real distraction, creating excitement and fear. Then we even use bulletin boards to try to make sense of it all, and much of what we get there are doomsday stories and lies.
Another negative factor with quoted companies is vertigo. After, say, tripling of the share price of an already big holding the total value goes through the roof and dizzy height vertigo sets in and profit taking seems to be the only remedy to feel safe again. However this reduces this holding and when this profit is reinvested elsewhere, we are in effect on the way back to portfolio diversification again.
I believe UJO could fit into this type of concentrated investment although we probably don't have to own it for many years to see results. We are seeing results already, hopefully just the beginning, and my UJO-holding no longer fits into a "normal" share portfolio percentage wise, which is how I want it to be!
I also agree wish i had stuck to my guns with REM and SQZ and played them out and not jumped ship to the next big thing, i'm in UJO and WN until its sold. I can wait a couple of months, the price will rocket as we approach ewt results, so not long to wait for life changing profits.
I agree with that and this one 'could' be one of them.
Listening to Bramhill and Bull , I only hear huge potential in this company.
Majors already interested. Biggest onshore gas find and possible condensate oil.
The infrastructure in place and strategic location. Wressle , Biscathorpe sitting pretty too. Plus so much, much more..
That's why I think this could fall into that category bigeye54.
No ramping, just facts. And, LTH with big holdings. Plus TR1 holding with 7 %
That's me thinking..cuppa tea time and a biccie now.
This is a copied tweet and it is so true
All you need is three or four big winners during your lifetime to beat the market. Everyone else will think you got lucky, but everyone else didn’t have the discipline to find them, buy them, and hold them.