keep dreaming pal, this will continue to drift... hey I hope it doesnt but thats right you keep listening to the "experts" .
Sold out at 478 and bought see....glad i did
Andy55 That's wasn"t a big buy but Uncrossing trade, balancing the daily business book as it were.. But There were two late buys totalling over £1,000,000........ Should open about 454 -455 tomorrow... Hopefully
have jumped ship
although the high isnt yet down to 463.3 I can see where this is heading and sold out completely. after selling, my portfolio value is much the same as yesterday, because many of my other shares have moved up a bit today eg my XAR trade is at last in profit by a few percent. because the value was approx unchanged I decided not to wait in case the price improved and limited my losses. my prediction now is that the RMG price will eventually be significantly lower than now, and it could be 2015 before there is any progress from now. provided a lot of criteria hold, I intend to rebuy in, but it will be MONTHS before this share progresses properly. when prices are manipulated it takes several months before the price progresses. cynical prediction: price will continue downwards to BELOW the IPO price of 330 and rocketing will probably be Jan 2015, earliest probably december 2014. price will rocket to at least 13 quid. as regards future of RMG, for the next year or two they are going to be selling off assets and improving efficiencies and creating new services. provided the tories remain in government they are going to ensure RMG is a success to conserve their reputation, as the privatisation is election fodder for opposing parties (eg the MRL party who will probably get an MP in the next election, I may vote MRL at the next election). @abouttosell you really must learn to use paragraphs! just press the return key twice for better structuring of your post. sarcasm aside, you can only buy shares with a debit card! HAHA! so you fabricated that, but I have sometimes used an overdraft to buy shares, but only because of cashflow. Most of my money is outside the stock exchange, but it can take up to 2 weeks to pull money. this RMG trade has been a total misjudgement, but I pointed out right at the start that there was one criterion missing, namely a total lack of fund activity on the RNS. I phoned the RMG registrars to ask if I could see who the big shareholders were, but they couldnt help me. my portfolio currently has 10 companies, bought using different methodologies, 4 are longshots where I am applying more criteria than for RMG, one is XAR, you can study that if you want to see if my judgement is right. price should double this year. RMG has much more interest than most shares, that is why I got drawn in and didnt follow more strict methodology. sometimes one can act compulsively, but next time I buy RMG, I'm gonna limit the trade size, will probably buy just 800 quid's worth. honestly, there are lots of excellent opportunities out there, but it takes some work to find them, if I spend 2 days studying I can usually find at least 1 really good opportunity. I have 2 on my shortlist at the moment, one is petroleum the other is iron ore. most of my trades are small caps.
RE: this will just continue the slo..
Oh dear. Another doom sayer. I prefer to listen to the experts. For example the editor of Morningstar. What profit would that be at this price? No, please, don't answer. You sound like Marvin the paranoid robot.
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