After unsuccesfully trying to push the sell button on my holdings 3 times (I was interupted twice and I chickened out the third time) I decided it wasnt meant to be so I bought a few more at $0.38 instead ...time will tell if averaging down was was a big mistake...
Keep faith Rupertbear...NZX companies are all on a takeover spree... who knows...MPG may be one(FBU may be successful this time round).When companies like SLI and OHE(over promise-under deliver ones) can be bought then...why not MPG.
Very reluctant to enter this talkfest about MPG. You pay your money ..
Much as I did with TRA in 2015. Average 0.31
All on good news and hype.. Sold out ( quite a while ago ) at a lose.. Would have lost even more on today's price.
A dog IMHO. ( sorry perc, ).
The same applies to MPG.
Bought in at 3.60. On the chatter and hype on here. Held for 10 weeks, sold at 3.68.
After doing my own research.
Most, if not all on here agree it has been and still is a dog.
So why this never ending fascination ?..
Much like Tegel. Did not even remotely think of investing in that one .. Family once had a chicken farm.
Very glad to have cut my losses on this last year - was my worst performer in 2017, think I lost about 40cps. I'm from the couta school...would rather sell and reinvest somewhere else if the long-term starts to look bad. And unfortunately, I decided a long time ago that MPG's future looked pretty bleak (unfortunately, AFTER I'd bought them...). We're not quite in Feltex territory, but there are some definite similarities...
And yes janner “ RB you are becoming impulsive again”. I think its fair to say the Bear has an impulsive personality disorder which is very difficult to control But I am trying
Dead cat-dog bounce. Take your money and run little bear.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Bookmarks