wrong prediction

[shongy]

was i deceived in buying fidelity & dunlop especialy dunlop at 5.46,its 4.15 as at today?should i sel b4 i loose too much?

[lifepeters]

my friend u don't have to sell now ok. just be little bit patient and u will see the price go up again

[olusolakemmy]

Originally Posted by shongy

was i deceived in buying fidelity & dunlop especialy dunlop at 5.46,its 4.15 as at today?should i sel b4 i loose too much?

who gave you the predictions?
what were your objectives when you are buying the coys?

there are lot of things you look at when entering and exiting a company.

you dont have to follow every predictions without getting facts on the coys.

well the two coys have got prospect, so i will advise you hold on to them or you even average if the eventualy fall below the price rith now

[nwoyearoh]

Shongy,
Not generally advisable to average "down". Better to average "up" using fundamental valuations, if you are skewed towards value investing.

A Company's share may be going down in price for definite reasons other than "intrinsic" value. It is required to investigate/find why, before exiting.

Dunlop and Fidelity are stocks that will definitely rise - the question is when? (long vs short term). Check ROE and depth of current management before making a final decision.

[shongy]

thanks alot guys 4ur advises,it really has helped a long way

[Monwowo]

Wrong prediction is pretty much part of investing. Young investors find it difficult cutting losses, but seasoned investors already know well that in making money, u also give money to the market sometimes. See Warren Buffet experience from his 2008 investments:

BUFFET'S OWN MISTAKES
Buffett wrote he "did some dumb things in investments" in 2008.

"Last year I made a major mistake of commission (and maybe more; this one sticks out). Without urging from Charlie or anyone else, I bought a large amount of ConocoPhillips stock when oil and gas prices were near their peak. I in no way anticipated the dramatic fall in energy prices that occurred in the last half of the year.

"I still believe the odds are good that oil sells far higher in the future than the current $40-$50 price. But so far I have been dead wrong. Even if prices should rise, moreover, the terrible timing of my purchase has cost Berkshire several billion dollars.

"I made some other already-recognizable errors as well. They were smaller, but unfortunately not that small. During 2008, I spent $244 million for shares of two Irish banks that appeared cheap to me. At yearend we wrote these holdings down to market: $27 million, for an 89 percent loss. Since then, the two stocks have declined even further.

"The tennis crowd would call my mistakes 'unforced errors.'"

[Taipan]

Originally Posted by Monwowo

Wrong prediction is pretty much part of investing. Young investors find it difficult cutting losses, but seasoned investors already know well that in making money, u also give money to the market sometimes. See Warren Buffet experience from his 2008 investments:

BUFFET'S OWN MISTAKES
Buffett wrote he "did some dumb things in investments" in 2008.

"Last year I made a major mistake of commission (and maybe more; this one sticks out). Without urging from Charlie or anyone else, I bought a large amount of ConocoPhillips stock when oil and gas prices were near their peak. I in no way anticipated the dramatic fall in energy prices that occurred in the last half of the year.

"I still believe the odds are good that oil sells far higher in the future than the current $40-$50 price. But so far I have been dead wrong. Even if prices should rise, moreover, the terrible timing of my purchase has cost Berkshire several billion dollars.

"I made some other already-recognizable errors as well. They were smaller, but unfortunately not that small. During 2008, I spent $244 million for shares of two Irish banks that appeared cheap to me. At yearend we wrote these holdings down to market: $27 million, for an 89 percent loss. Since then, the two stocks have declined even further.
"

Every time I read about this guy [Buffet], I realise there's so much more to learn. Yes, we all make mistakes but the ability of some to realise and own up to their mistakes is what sets them ahead of the pack. It shows that one has learnt valuable lessons and is ready to correct them and forge ahead.
On the other hand, when people start whining about having 'being deceived', they absolve themselves of responsibility by implying that the mistake wasn't theirs. Therefore they cannot learn from their mistakes because they haven't even acknowledged they made one! Afterall, it was the evil wizard who charmed them to buy that stock!
Buffet is always the first to admit he made a mistake when something goes wrong. He then goes further to state exactly where he went wrong and what exactly the error was. That tells me that the problem with investing is not region or market but mindset and courage. With this kind of mindset, there's no repeating the same mistake. Truly, he's someone any discerning investor should study and emulate.

[Michael]

Originally Posted by Taipan

Every time I read about this guy [Buffet], I realise there's so much more to learn. Yes, we all make mistakes but the ability of some to realise and own up to their mistakes is what sets them ahead of the pack. It shows that one has learnt valuable lessons and is ready to correct them and forge ahead.
On the other hand, when people start whining about having 'being deceived', they absolve themselves of responsibility by implying that the mistake wasn't theirs. Therefore they cannot learn from their mistakes because they haven't even acknowledged they made one! Afterall, it was the evil wizard who charmed them to buy that stock!Buffet is always the first to admit he made a mistake when something goes wrong. He then goes further to state exactly where he went wrong and what exactly the error was. That tells me that the problem with investing is not region or market but mindset and courage. With this kind of mindset, there's no repeating the same mistake. Truly, he's someone any discerning investor should study and emulate.

Lets sell NEPA to Buffett, I am sure he will be able to provide light for Nigerians. He is very moral as well as Frugal!

[savvy]

Originally Posted by Michael

Lets sell NEPA to Buffett, I am sure he will be able to provide light for Nigerians. He is very moral as well as Frugal!

If its the Buffet I read of.. By the time the valuations are studied the man will run..

[suneelkumar85]

my friend u don't have to sell now ok. just be little bit patient and u will see the price go up again
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