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Sometimes You Get A Little Lucky

 Luck. It happens.

For instance, with my WGO shares. I was teachig my pre-teen daughter about shares and trading and asked her to pick the next investment. She picked a company called Petrel Energy. I had a look ad they had some good things going, so I piled in and threw some money in for her as well.

Then the company tanked. It was probably due to porr management decisions ovr an extended period of time. The share lsot 90% of their value. It looke dlike it was all gone. Then Warrego Energy (WGO) stepped in and bought the company. In not too long a period, the shares were back to break even, and then an amazing thing happened. WGO kicked some big goals and the shares increased to 4 times what I paid for them.

All the chatter was that they had a long way to go, so I held on. Also, if I held on and they did increase, there may have been Capital Gains Tax benefits. Stupid move. Along came COVID and the shares dropped back to just above what I had paid for them and stayed there right through the pandemic.

Suddenly, now, there are a number of large companies that want what WGO has got and are prepared to pay for it. Suddenly the share price is climbing again, and fast. It is already alost 3 times what I originally paid, and that's not a bad return for a 4-year investment. But wait, it still has some way to go. Will it get back to 4 times my original investment? The way it is looking, that is a strong possibility. Will it go further? Possibly, but there are no guarantees.

All I kno is that I (along with my daughter) am now in the lucky position of having an auction happening for my shares and all I have to do is sit back and watch.

Lucky twice (even though I ignored the first time) with the same shares is alost unheard of. This time I will enjoy the CGT cencessions, so it is all looking pretty good.

Can you still make money on WGO? Absolutely. I am writing this on a Saturday. When the market opens on Monay, I expect the share price will jump by 10% in the first hour, perhaps even more. Me? I am happy with my investment, but WGO won't be around for much longer so I will be looking for the next winner soon.

And this time it is back to working the plan.

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