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WDR, WESTERN DESERT RESOURCES LIMITED
mpl
post Posted: Feb 6 2012, 07:06 PM
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In Reply To: flower's post @ Feb 6 2012, 06:02 PM

Sure have

It was called Telstra @ $8 back at the start of the 00ties. So where would I be now if I was still waiting for it to come Back!!!.

 
flower
post Posted: Feb 6 2012, 06:02 PM
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In Reply To: mpl's post @ Feb 6 2012, 05:37 PM

What sort of Money management do you actually engage in ?.

In this case it was badly astray, however no irreplaceable capital LOST.

Have you never done the same thing?







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mpl
post Posted: Feb 6 2012, 05:37 PM
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In Reply To: flower's post @ Feb 6 2012, 01:28 PM

Flower

What sort of Money management do you actually engage in ?.

10% loss on 10K leaves you 9K to trade with. Even at 5% bank interest for the 28Mths you held on gives you $10,089 compounded.
(Based on 5% Int of course).
You having a Joke are you Not ?.

Factor in 9K worth of your famous NST bought at ther same time & What do you get ?. Bit hard to work out perhaps. Here I will help you. graduated.gif 2,776% Increase if you had applied your famous approach.

BTW I bet your 100% capital return can't buy you as many Investment papers as It did back in Nov 09.

As for not needing a lecture on Stops. I really couldnt be bothered either. The example shown will do me for a lesson on how to tie up capital going nowhere for 28Mths.

 
flower
post Posted: Feb 6 2012, 01:28 PM
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Enlighten us with a Chart of greater time span to show just how long you have held WDR.
Yellow blob marks the date--and I do not need a lecture on stops, only comment:

It's a lot harder to make up lost capital in other trades when if you have got the underlying fundamentals correctly assessed your original selection has some hope of success, and by hanging on the original capital is retreived and all that is actually lost is opportunities. A 10% SL may have been 10% down the drain, but I have a 100% return of original capital less interest earnings of 5% on said capital.

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mpl
post Posted: Feb 6 2012, 11:53 AM
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In Reply To: flower's post @ Feb 6 2012, 11:26 AM

Flower

Finnaly got your $ back. Enlighten us with a Chart of greater time span to show just how long you have held WDR or perhaps a reason why you didnt take a Stop.

 
flower
post Posted: Feb 6 2012, 11:26 AM
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In Reply To: flower's post @ Feb 2 2012, 02:19 PM

Decided to bail out @59c--very grateful to get my money back with a very small profit.
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flower
post Posted: Feb 2 2012, 02:19 PM
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Another good set of drilling results, WDR suddenly starting to look like the real iron ore deal. Resource upgrade from Inferred to Indicated due this Quarter.

Next step; Tying up some firm direct shipping proposals.
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http://www.asx.com.au/asx/statistics/displ...;idsId=01265141
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flower
post Posted: Jan 31 2012, 09:55 AM
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2011 Q4 report out, basically outlining the progress being made to acheive early production. MOU signed with Xstrata Zinc to investigate the sharing of shipping arrangements via Xstrata's Bing Bong Loading facility.
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http://www.asx.com.au/asx/statistics/displ...;idsId=01263611

Bit of a struggle, but held on, nearly breaking even right now--who knows might even make a PROFIT!
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flower
post Posted: Dec 6 2011, 10:18 AM
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Another set of excellent drilling results, JORC update due this month from memory.

http://www.asx.com.au/asx/statistics/displ...;idsId=01250134
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Commander C
post Posted: Nov 23 2011, 12:17 PM
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In Reply To: flower's post @ Nov 23 2011, 11:35 AM

Hopefully doesn't leave shd sherwin in the lurch as I have some of these too

 
 


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