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Hi Gwenn:
Perhaps you're right.
Perhaps that's in my nature/personality.
I pick this stock because it's a component in the Canadian biotech index.
>From a very superficial reading, the company seems to be doing ok.
(cf: http://biz.yahoo.com/p/t/tlcv.html)
Company is making money. Cash position is quite reasonable. Current ratio
= 6.02. Debt to equity = 0.07. Seems ok to me.
Perhaps it's my personality (being lazy) that I don't check further about
the company's fundamentals. (My philosophy: why reinvent the wheel? If I
can get fundamental research data through others, eg., through Yahoo, I
don't feel obliged to research further.) Perhaps that's a fatal flaw of mine.
On the other hand, at least for the last 6 years or so, I've been doing
what I've been doing, and the NET result, per year basis, seems to be ok.
(Or perhaps it's just my luck?)
As I maintain many times, hindsight will tell. The law of averages as I've
personally experienced indicates that so far I'm ok, either because of luck
or some other factors.
Have you ever considered, every day there are car accidents. Should you
not then travel by car or by bus?
As I say, I have my own flaws and prejudices. Hindsight will indicate how
wrong I would be....
By the way, I didn't advocate buying TLCV tomorrow. I suggested waiting
for signs of revival first.
Regards,
Wong
ps: If I play the TLCV game, I will only spend a limited amount of money
in it. If I lose, that's fine with me ....
=================================================
At 10:50 AM 01/26/2000 +0100, Gwenael Gautier wrote:
>Wong, don't mind, but wouldn't you be subject to the "cheap price fallacy"? I
>mean you want your investment to go up without much effort isn't it? So
why buy
>things that seem to be losing value real easily and have to struggle like
hell
>to go up?
>
>Just a question...
>
>Gwenn
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