26-11-2011, 08:49 AM
NOL used to be one of my "favorite". If you have deep pocket and patience you should be able to ride NOL over the Ocean. i was crazy i used to "trade' NOL when it was below a $1. If i more B/H to ride the cycle i will be many times richer. Well, you always know what to do from "rear view driving". But i did ride at least 1 cycle in the good old days; where the world had not "Globalised" and the cycle was not so complicated. Until today NOL is one counter that give me happy memories. The market has "globalised" i think the cycle has changed to be much more complicated. Invest at your own risks and understanding of the shipping cycle. i gave the last cycle a miss because i switch more to dividend income stocks. Or maybe i am afraid now to lose my capital. At 63, i may not able to ride the shipping cycle anymore.
On the other hand, an old sailor never really retired. i am still tempted.
On the other hand, an old sailor never really retired. i am still tempted.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.