Contrarian

The market is falling, falling and falling. I am sitting there like a leopard waiting to pounce. Yes, I do have spare cash because FML gave me no share at all for its SPP even though my money went in on time. People in WA had the advantage of faster mail delivery. It was very unfair but the market price for FML is falling towards its SPP price!

There are better bargains at the moment. The POG and share prices for gold miners have drifted in an illogical direction. But I will wait for a correction before moving in; it is impossible to pick the trough. I have made big loss on some stocks but it is nice to have bought PIROA at the right time. The directors have been buying the company shares!