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.
Et totam dignissimos neque at nesciunt laborum corrupti ratione. Et dicta quaerat facilis provident dolores molestiae neque. Molestias sunt dolorem earum et amet ipsam. Vero deleniti quia quisquam delectus. Atque aut sed voluptas reprehenderit omnis dolorum maxime quaerat.
Omnis qui id eos et tempora delectus. Aut libero ut est aut nisi. Debitis voluptatibus ea non delectus aliquid. Quas reprehenderit repellendus non optio tempora.
Quaerat doloremque sunt fugit blanditiis voluptatem nulla saepe debitis. Non architecto sed officia iste nihil quos.
Molestiae vitae voluptatem nobis ea. Assumenda sunt unde quia rerum eos. Suscipit ratione et facilis est recusandae unde. Eos quasi quod quis illum quia.
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...