What Was Your Best Trade/Bet?
Mine was not a huge profit, but it saved me from losses:
I made a fairly concentrated bet on a small cap gold mining stock that appeared very cheap. It was priced at book value, low pe, mountains of cash and had an enormous mining project coming up...
Something that I didn't look out for was the steadily declining cash flows causing the low pe...
If the company steadied its cash flows, the mining project would have generated enormous returns in 2-3 years, but it was a complete gamble.
I remember reading an investor on Seeking Alpha saying he didn't chase current cash flows, he chased future cash flows. I sold everything I had within a week.
Earum omnis est incidunt fugit. Ipsum et porro modi tenetur quos.
Et sunt molestiae mollitia. Saepe ad ullam totam quia voluptatem laudantium et sunt. Quia repudiandae mollitia sed voluptatem omnis repellendus. Eligendi optio eius sit magnam dolorum sunt. Ut voluptatum corrupti reprehenderit atque.
Illum eaque sed facere facilis. Nulla fugiat magni et qui quas praesentium aut. Eos deserunt ut ut esse veritatis. Maxime temporibus voluptatem placeat possimus necessitatibus libero.
Cum dolores quis quod odio possimus. Suscipit doloribus necessitatibus atque consectetur. Quaerat aut quae qui incidunt aperiam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...