Forum Archive Index - October 2003

["mick" <mick100@extra.co.nz>]

 

Hi snoopy

Have a  look at RBD from another angle

That being the opportunity cost of not selling a share

when it's prospects are not looking very good.

 

Speaking from my own experience I held Brielys for many years

Each time they took a nose dive I bought some more

About two years ago when they jumped from 30c to 70c

I finally took the oportunity to quit them.

 

With the proceeds I invested in SKC and over about 12 months

made a capital gain of 27% plus divs and special div.

Didn't like the fact that divs were being paid from borowed money so I sold

them and invested the proceeds in ABX (Australia) which has since

gone up by 150%

 

The point I'm trying to make is what would it have cost me if  I had not sold

my briely shares and reinvested in better companies.

 

This was a valuable lesson for me

The hardest thing is to aknowlege that your holding onto a loser

You have to learn to let go of the losers

It gets easier with practice.

 

 

 

Mick