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I was up 100% riding the momentum horse and thought a sensible (blue sky) plan was enough. The bubble burst, I lost 50% to be back where I started 12 months or so before.

So you were still up 50% from you initial outlays?, cause that seems like a reasonable return or do you mean that you had doubled your outlay at one stage & then after the crash only had your initial outlay left?

What has changed in you plan that will stop this happening again? ie: do your have stop loss sells on holdings?


Well it's the obvious - EARNINGS - current and future - all the other
noise is just trying to determine what these will be.
It seems stupid to point this out but it is suprising how many people appear to forget it.


YA future earnings, I pity you FA'ers trying to make such predictions.
Esp with all the shifty accounting that go's on.You might have a great formula for crunching the numbers but that aint gonna help if those figures you used to crunch are fluffy.I suppose free cash flow isn't a bad indicator when compared to sales income.

"Richest Man in Babylon"
Yep you can read this one in the book store, it's a wee ripper.

JR



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