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Share Views: Mike van Dulken on today's Company Results and Macro considerations


San Leon Share Chat (SLE)



Share Price: 34.4146Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.00Spread as %: 0.00%Open: 34.4146High: 0.00Low: 0.00Yesterday’s Close: 34.4146


Share Discussion for San Leon


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GPback
Posts: 3,971
Off Topic
Opinion:No Opinion
Price:34.4146
RE: Re: Tim
Today 14:26
You are entertaining. There is NO WAY you hold SLE unless you are playing both sides, decamping ad nausem. Must be looking to buy as soon as trading again.
 
DanBrown83
Posts: 1,940
Off Topic
Opinion:No Opinion
Price:34.4146
RE: Re: Tim
Today 12:52
TBH
i hope we don't get unsuspended
Much prefer to a Concrete Offer to be made by 14th august for circa 70p, agreed my major shareholders and let the deal happen under suspension - i think our major Shareholders will be quite happy to get something back from this company
Either In or Out now and we are under conditional offer - no de-ramping is going to change that fact and that people may not get a chance to sell / buy in prior to a Sale been concluded
honestsid
Posts: 1,712
Answer
Opinion:No Opinion
Price:34.4146
RE: Re: Tim
Today 12:42
GP to quote you "Put it in another stock. It's like you think it's going to go down but you continue to hold."

To quote me.. "Thats why I sold the vast majority of my SLE shares a fair while back, when it became obvious what was going on." and "I sold the majority of my SLE shares and invested the money elsewhere successfully."

Come on man, pay attention, this is SLE, one blink of the eye and your shirts gone. I hope you have your stops in place for the opening, if it opens of course.
BigBren
Posts: 145
Observation
Opinion:No Opinion
Price:34.4146
Tim
Today 12:14
I agree with your sentiments-----BOD a shower of rogues Lost a fortune following OF. My big mistake. The best of luck to all the long term investors here. GLA
GPback
Posts: 3,971
Off Topic
Opinion:No Opinion
Price:34.4146
RE: Re: Tim
Today 12:13
The thing about not believing in the stock you tell us you are (both) invested in (I don't believe you are btw) is why would you? You haven't stock in LSE. If you did I'd be asking about your mental state, not for investing in SLE but for having stock you appear to have no regard for. Put it in another stock. It's like you think it's going to go down but you continue to hold. Now that's crazy. Haha.
frus
Posts: 1,951
Off Topic
Opinion:No Opinion
Price:34.4146
Re: Tim
Today 10:48
Averaging down with SLE has been proven over years to have been merely an act of throwing good money after bad and the final act of 99% of our shares being swindled away from us (imo) Leaving no one with a hope in hell of ever getting their investment back, never mind getting a profit which is why it was invested. Not to spend 6 years averaging down trying to get it back. I've averaged down many times but comes the time when It finally clicks, the hole just keeps getting bigger and bigger. The small amount I still hold I will continue to hold but any more money going in to the black hole....Not a chance! Maybe its you who does not understand, or doesn't want to.
honestsid
Posts: 1,712
Answer
Opinion:No Opinion
Price:34.4146
RE: Tim
Today 10:44
Only trying to help the poor chap understand the world of investing, a world he seems to know nothing about.

Yes, averaging up can be an excellent move, my logic has nowt to do with it, I follow the expert advice of conventional investment practice.

Thats why I sold the vast majority of my SLE shares a fair while back, when it became obvious what was going on.

Conventional wisdom, never ever try and catch a falling knife. In the case of SLE not only have those that have tried lost their fingers, they have also lost their toes.

Thanks for your concern GP, its nice to see such a caring poster here on the LSE board, but as you well know, I am perfectly calm. My knowledge is my peace.

Om Mani Padme Hum
GPback
Posts: 3,971
Off Topic
Opinion:No Opinion
Price:34.4146
RE: Tim
Today 10:22
Wow Sid. Calm down. You seem to be bothered more about other people's trades than your own. Just so you know, when we trade again and I buy a second tranche, I do it with the full understanding and knowledge that the price can go down as well as up! Now I expect to be averaging up. Is that a good idea or a bad one? By your logic it is a good one. Lol.
honestsid
Posts: 1,712
Research
Opinion:No Opinion
Price:34.4146
RE: Tim
Today 09:52
No Tim, its YOU who doesn't understand how averaging down works. It ONLY works if a company share prices rises above the price you have averaged to.

San Leon Energy's price HAS NOT EVER risen for more than a few days in over 7 years. ALL good investment wisdom states do not average down, and SLE is an excellent example why one should not average down.

Quotes from the net for you. There are hundreds of pages advising against it.

"Averaging down or doubling up works well when the stock eventually rebounds because it has the effect of magnifying gains, but if the stock continues to decline, losses are also magnified."

"A trader who averages down the cost of holding assumes that he can make a profit when the price gains. However, average down can be a loser’s game."

"By keeping your money in a dog, you're losing the chance to invest in a market leader."

"So, at the risk of repetition and preaching, let me urge you to avoid averaging down… Why send good money after bad?" Jesse Livermore

"If you’re playing stocks, averaging down probably doesn’t make any sense. Take a small loss before it becomes a big loss and move on to the next trade."

"Average up, NEVER average down"

"There is no limit of how much a stock price can go down. Actually there is one limit: 0, as Enron stockholders know."

"the company must have a strong balance sheet, that is, have low debt and high cash reserves; the management should be of good quality; and the company should have a solid unique selling proposition. Without these, cost averaging (down) will not be fruitful, he says."

"If I’m forced to select only one thing about stock trading to tell you, this is it: do NOT average down. "

"And finally, beware -- when a stock keeps falling, sometimes it's doing so for a good reason. Snapping up more shares only works out well when a fallen stock recovers. But it can also be a bad move if the stock never changes direction," ........... Does that sound familiar? It should do.
Timbremner
Posts: 195
Off Topic
Opinion:No Opinion
Price:34.4146
RE: Tim
Today 04:23
Averaging down is averaging down, your blah blah indicates you dont really understand it.




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