Vic Wasteland Thread - 15.0

[JAS-25T]

yeah flying doesnt lend itself to carting 50kgs of beef cuts.

 

[emts]

it's cool only 30 would arrive anyhow

[emts]

never checked my domesitc luggage allowance

 

2 piece (maximum 32kg per piece)

 

[Birds]

38 minutes ago, Leroy Peterson said:

Still in the red.

Hence do some short term trades to bring yourself into the green

This is the only exception to my don't sell at a loss rule

A capital loss event is also not a bad thing to have on your record

But yeah...I suspect today's rises and any subsequent ones will be the rumour and expectation mill working overtime which will exhaust itself once any positive news is released...

[Leroy Peterson]

Its getting to the point now where i dont think we're too far away from the hype train. Ideally would like to pull out before mid-Feb but may consider buying back after march. Curious to know where the next base will be after the hype train passes through.

[Birds]

Welcome to uncharted territory - that uncertainty is the same driving force that allows ten bagging to occur because even big hype can't match truly awesome news

I want to be in it for this transition period, it's just too tempting to sell for a quickie everytime I buy at the floor, which leaves me dangerously out of the long term game. Paid for it today as I could have sold @ 4 cents for another $540, but...safe profits are permanent profits.

[UNR33L]

M8 I'm so far in red birds guna get a Cleveland steamer on his sunroof 

Thought about buying more when low to reduce the cost of my buy in but that could also be pointless, should of sold when Dezz told me too  

I don't have much on it though so should probably just leave it for 10 years, I also don't spend every hour / minute checking the news

Edited December 14, 2016 by UNR33L

[Birds]

Buying more at lower price to reduce average buy in is just mental gymnastics; an illusion of using the profit on another buy in to make you feel better about a loss on your initial buy in.

If you're confident it will sink lower and then plan to buy at a lower price, you should sell it all up now, own the loss and maximize your profit at the lower price when it happens...otherwise you're running competing/contradictory trading strategies. Like people trying to cut at the gym and gain muscle/strength.

If buying more at a lower price low, it should be with the goal to accumulate more shares for a big expected long term rise or simply because you believe it's at a floor and want to take advantage of it.

[Leroy Peterson]

Leigh just hang in there. Birds got you into this mess, so dont listen to him. be patient. the time will come, just dont get greedy lol

[Birds]

Leroy pls

[UNR33L]

24 minutes ago, Leroy Peterson said:

Leigh just hang in there. Birds got you into this mess, so dont listen to him. be patient. the time will come, just dont get greedy lol

m8 I'm calm as a cucumber 

I really dont have much $ invested, only thinking of selling for a hooker and cocaine 

[Leroy Peterson]

88e is money better spent than a supercharger.

 

profit off shares.

pay off more mortgage.

sell unit for 800k.

rent in rowville with large garage for $1600/month.

pay off gf's HECS and take 10% of her tax return or 2.5% interest per year (whichever is greater)

cheezel engagement ring

profit.

[UNR33L]

That sounds like an impressive plan, at the moment we are wasting double money. I live at my house still and she has moved to woop woop (north side lyfe) for work paying $330 a week rent.. I'll prob move and rent somewhere with her at some point soon and rent mine out.. 

At this stage though, f**k living over there  

Edited December 14, 2016 by UNR33L

[Leroy Peterson]

she can live with mohsen. save $$$. free kebabs and discount industrial cooking appliances.

[Rekin]

M8 nothing wrong with Northside. How north is she?

[emts]

when is it too far north?

Sister in law just sold up in Brunswick west and bought a house in Pasco vale south...

 

where as we are doing 120km north....

 

practicing skids on the block this weekend to.....um......define the driveway that's it/

 

[UNR33L]

Not that far north, Heidleberg West. 

It's a funny area that one, shes living in one of those old 56' built Olympic athlete houses 

[Birds]

The level of hipster in here right now is astounding

Could only be topped by Hamish posting a gingham selfor while listening to triple j unearthed

[Leroy Peterson]

Martin is new VWL hipster. Eating at all those international restaurants youve never heard of

[Birds]

Whilst I still think 88E will slump again in the short term, the current news is great for long term holders

Reading between the lines, you don't bid on another 150,000 acres of land if there's nothing special under there...