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Thanks for the welcome Mogie; you're too kind; not sure it is all warranted, but, hey, I'll take it thank you. Interesting to read you use the Zulu Principle/Naked Trader type mix. I have been using ZP for the last few years with, on the whole, very good results. Find some of the reading a bit above me but I have a reasonable grip on the basics. I have fairly recently come across the NT principles and bought myself a copy of his book, which I have found an easy read and written more for us private investors by someone who knows how we think. Too many other books I felt I needed a degree in high brow investing, written by those who had forgotten that to ski you first have to learn how to put your skis on before hurtling down the black icy slopes. Very discouraging. A bit like trying to understand what Prof. Stephen Hawkins in on about when all you want to know is "what is that star over there" without having to understand about black holes and string theory.. I hold SH in very high regard incidentally, in case anyone thought otherwise. Regarding PEG, I agree too much emphasis can be put on it; which is why I have missed CLL previously. And it isn't the only share in that respect. However, it has worked pretty well overall and I/we are bound to miss some gems. Personally I would be a little cautious of using a PEG as high as 1.6, but, that is only my opinion, and if you are happy with using different parameters then that is fine, no worries. Sometimes we can look at a share and at the graph and feel we have missed the boat. Then we will jump into something far more racey and high risk and pay the consequences. I'd rather invest in something more boring and see a steady rise over time, enabling me to sleep better. Interesting to see Spikeyj mentions Fairpoint; that is another share which keeps coming up when I do my trawl for possible investment, again meeting a fair no. of my strict investment criteria. Can't invest everywhere though......thankfully. Incidentally; I notice your posts on COMS come in for some criticism, unfair imo. It is right that more than one opinion is given and that some one sounds the trumpet. However, it is my experience that anyone who posts anything which may be taken as deramping will be given a lot of stick (QPP for me!). Too many only want to be happy clappy, lets sing and dance and pat each other on the backs; only for there to be a gnashing of teeth when things don't work out as wanted or expected (if only temporarily). Keep airing your thoughts Mogie, makes us think more broadly and is valued. Good luck and thanks again. Regards CM
hi cm and mogie. just on fairpoint --- i have done quite well in there, but have sold out all my holding in fairpoint today and reinvested elsewhere ( - topping up my sula ahead of gold assays hopefully due next week). partly i was happy enough to bank decent profit, and wanted funds for sula, but also i have become concerned about possible political issues in the year running up to election. there have been a few noises recently coming from government circles that come autumn they will be looking into the kinds of fees, charges and arrangements operated by firms who deal with debt management etc. i think this introduces a significant risk not just to sentiment in this area, but also potentially to the margins that fairpoint can extract. may be entirely wrong of course, dyor and & that. but it tipped the balance for me to sell out of fairpoint. i remain in cello, very happy here. am considering moving some more funds in during april, the outlook is good.
fairpoint used to be one of top ten holdings for giles hargreave in his malborough microcap fund, but it no longer figures. i'm not sure if he has sold out altogether or reduced the holding, i suspect the former. giles still has cello as a holding in that top ten. (he also has ACS, another share i hold in fair size myself and feel positive on for 2014, tho' i don't get round to posting much on that board either, happy just to hold it and let it run). [apols to any cello monomaniacs for disturbing the restful peace of this lovely bulletin board with mention of other shares]
aargh, typo, mean i hold ASW, the advanced computer group, *not* ACS
a straw in the political wind for cos like fairpoint ... http://www.standard.co.uk/panewsfeeds/concern-over-debt-management-plans-9209645.html