Club Mulgoa

Monday, March 05, 2012

LSA

I am surprised myself how well this stock has performed. Last year when it crashed below 70c, I managed to top up at 70c.

Today it jumped more than 10% to end at $1.60. Was it easy to make the decision to top up in Aug 2011? Of course! I was using simple arithmetic. The PE ratio was just under 1. And more gold deposits were expected to be discovered. How difficult is it to decide?! However, bear in mind that there are other stocks like this but have not outperformed. Why one stock flies and others languish? I cannot explain idiotic judgment by other investors.

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