Tuesday, March 07, 2017

ARMADA We entered our position in this stock in mid Dec 2016 (around 0.61) based on the fact that prices have overshot fundamental valuation. Big losses were expected to erode the NTAB per share, but our view was that this had been heavily discounted in the share price. In addition, there was expectation that 3 of the company FPSOs were en route to clients oil fields for oil production, storage.

Fast forward to now, 2 of the FPSOs have reported start of oil extraction, and a humungus loss which brings the NTAB per share to 0.94.


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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil



From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system