Archive for the 'Mistakes' Category

Mistakes of the last 6 months

Published by admin on May 14, 2008 under Mistakes

Mistakes of commission:

  • Acquired BHP (ASX:BHP) at $34.64 as it was undervalued and sold it at $39.96 due to my realisation that I never really understood the stock. Current value: $48.57. Unrealised loss of 25%.
  • Acquired AED (ASX:AED) at $1.75 as there was unrealised value. Sold at $1.91 for no obvious reason. Current value: $2.70. Unrealised loss of 41%.
  • Acquired BEN (ASX:BEN) at $9.92 as it was severely undervalued. Sold at $9.48 for no obvious reason. Current price $14.05. Unrealised loss of 40%.
Mistakes of omission:
  • Acquired EBI (ASX:EBI) at $3.70 and it fell to $2.43 even though it retained net asset backing of $3.50 a share. Avoided buying more for no reason. Currently trading at $3.28. Unrealised loss of ~35%.
  • Studied JGL (ASX:JGL) at $0.08 and knew it was a safe investment. Current price is $0.11. Unrealised loss of 37%.