Club Mulgoa

Saturday, November 20, 2010

QR National

Anyone who bought this share has to have his/her head examined via the anus.

No, not that it is a bad company. The days when government (state or federal) price the selling price to give some stag profit are gone. Also when the press and lots of commentators think it is over-priced, why buy? Of course, all these smart people could be wrong....

Here is an adage: Never buy any float that is printed in the common tabloids (the AFR is okay). You are competing with suckers who are willing to part with their money without knowing what is real value. But if you have applied, at least you are not going to lose it all. You just need a colonoscopy to check your brown matter; not grey matter. And stop reading my postings; wasting your time!

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