The Stocks I Should Never Have Bought (AU Portfolio)

These are the shares I'm most ashamed of buying alongside original purchase price and date. This is not an exhaustive list and I traded many of these names profitably, but time has proved those gains to be the result of luck.

FGE - $6.55 Mar 2013 (administration)
LNC - $1.86 Apr 2013
QRX - 73.5c Sep 2013 (administration)
VMT - 2.5c Sep 2013 (pre 10:1 consolidation)
TFC - $1.00 Dec 2013 (receivership)
AHZ - 17.5c Feb 2014 (pre 10:1 consolidation)
ESV - 99c Mar 2014 (picked the top!)
OBJ - 5.6c Mar 2014
CTE - 42c May 2014
SBB - 6.8c Jul 2014 (suspension)
HDX - 16c Jul 2014 (administration)
WDS - 85c Aug 2014 (administration)
CVT - 25c Nov 2014
ICU - 19c Feb 2015
XTV - 2.2c Mar 2015 (suspension)
MBE - 23c Oct 2014
IVO - 6c Nov 2015
JKL - 18c Jan 2016
CBL - $2.58 Jul 2016 (administration)
SRY - 5c Dec 2016
BIG - 51c Apr 2017 (administration)
4WD - 79.5c Apr 2017
CM8 - 17.5c Apr 2015
STL - 2.6c May 2017 (receivership)
TMP - 38.5c Jul 2015
DSE - 7.2c Aug 2017
CIO - 3.7c Aug 2017
FTT - 6.5c Jan 2017

There are far more names above than on the list of stocks I regret selling. Some common themes in the above group:
  • Unsustainable business models
  • Opaque accounting
  • Negative cash flow
Interestingly, there are no stocks on the above list that I regret buying simply because I paid too much for them.

Comments

  1. You have been much more active than me, so my list is much smaller, but I see a couple of common shit stocks, AHZ, ICU.

    ReplyDelete
    Replies
    1. Thanks for pointing that out. Need to be less active though - revised checklist in progress.

      Delete
  2. I bagheld CTE for way too long

    ReplyDelete

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