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General Category => Shares => Topic started by: Orca on August 04, 2013, 07:11:26 pm

Title: Past performance and future?
Post by: Orca on August 04, 2013, 07:11:26 pm

Past performance is a good indicator of future performance.

I started a thread on this years ago on the other site and it became very busy with many pages of negative posts condemning my method. 

Now looking at the top performers in the Leaderboard, I see that the top guys are using this method!!! And by the way, I am waaay ahead with using the same stocks since inception using this method on the other site.
Perhaps not for TKG or BIL. They will not last long. They are still negative on the long term.

That Past Performance thing that you always see on all financial websites is only there to protect themselves.

Title: Re: Past performance and future?
Post by: jaDEB on August 05, 2013, 01:36:48 pm

Orca did you buy Omnia?

Title: Re: Past performance and future?
Post by: Orca on August 05, 2013, 02:24:14 pm

Quote from: jaDEB on August 05, 2013, 01:36:48 pm

Orca did you buy Omnia?

I had 3 choices. EOH, OCE and OMN. Realy wanted EOH as it is a better performer but it is on a peak as is OCE.  OMN does around 40-50% and was my third choice.
I bought OMN for the competition just before open as it was down the previous day but by the time I placed a real order on the JSE, it was up 2.5%. The next day another 2%.
Now I have cash with nowhere to put it. :wall: