Club Mulgoa

Thursday, November 25, 2010

ELM

Some investors are incredibly impatient. There is a delay in assaying the drill samples so they sold and walked away. The lab it uses is overwhelmed; it is looking at a second lab. Stupid, stupid, stupid investors!

What does this mean? Well, I love dumb impatient investors! So on Monday, if I have spare cash, this is one company I will look at to top up if the share price continues to drift downwards.

Today, because MMR went south, my main portfolio is near stagnant. But the other portfolio has a beautiful rise so it is still net alpha for me!

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