If you follow the share market for a while you inevitably start using acronyms and codes, the most obvious ones being the three letter shorthand for a company name by which it is listed on the exchange. Some are obvious e.g., CBA, ANZ, BHP while others are less so, e.g. WOW - Woolworths. Of course nobody uses DUD although it would be appropriate sometimes.
I was reviewing some of my less impressive investments recently and have almost convinced myself that the code letters carry secret powers which dictate a company's financial success or otherwise. Here's a few of my recent doozies :
SGW - Sons of Gwalia - I may yet get a pittance back.
GLI - Gold Link Income Plus - abandoned, lost a packet.
AFG - Allco Finance Group - not looking good, losing a motzah.
HLG - Hedley Leisure & Gaming - looking sick and very unloved about now.
CGF - Challenger Financial Group - starting to feel like a financial black-hole.
Can you spot a common theme ? It's the letter 'G', I'm sure of it. The only bit of stock-market advice I can currently offer is don't buy any stocks whose three letter code includes a 'G'.
The only flaw in my argument is Centro Properties - CNP, but if you've got poor eyesight, a C easily starts to look like a G.