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Boredmum's Blog
To deal or not to deal?
Sun, 28th Nov 2010 - Author: BoredmumI sometimes catch a glimpse on television of the programme Deal or no deal.
I find the programme enjoyable, but usually only catch bits of it due to my two boisterous children and the time that it airs.
I can’t believe the amount of people that let greed get in the way of a good result. Early on in the competition, you see decent money being offered as a prize. It is usual to see anything around £10,000 or more, depending on game play.
At this point, I’m usually shouting ‘Take the money’, but I feel the majority have a gambling tendency as they look at the board and see values still available up to £250,000.
Some people play the game well and come away with a large amount of cash but, for most, they refuse the offer made to them and continue in such a way that they end up with a lot less.
Now, I’ll compare this to the stock market. Has anyone been in a position where the sp is rising, you have a good profit and you hang in there just for that little bit more? Then, unfortunately, it turns against you and it turns fast. Hanging in there for that little bit extra has just cost you dearly.
I used to do that, but now things are different. With my trading stock, if I’m in at 8p and people are saying on chat boards ‘This is going to 15p’; then the chances are I’ll be out anywhere between 9p and 10p. I might miss a little bit extra if it ticks up that extra 1 or 2 pence, but rarely does it hit other people’s expectations. I’m happy to accept what profit I have and get out before the rush.
I would love to participate in Deal or no deal, but I would most likely be the quickest contestant ever as I would be shouting ‘Deal’...to go home happy with a few thousand pounds. It wouldn’t matter if I was holding even more.
What will be, will be. Take what you can get and be happy with your lot. At the end of the day, it will be more than you started with and that has to be a bonus.
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"I can really see where you are coming from. Case in mind pmg Saw 39p Just can't get out its TC and its going much higher!! Down to 9p at one stage and I am over 50% down. Will I ever learn."
- Jaz60
"I hate that programme. Those people thinking that they can change the outcome of any box-opening by thinking positive thoughts or some such nonsense. Really gets my goat! ---- http://www.tileflair.co.uk"
- bobtile
"It all boils down to....you pays your money and takes your chances....must meet up one of these days."
- NKOTB
"she got out of greenock 45 years ago,good job really or she wouldnt have met my dad ;-) Interesting is one of the most polite terms i have heard for greenock I have visited a few time and said to my uncle" the sea is beautiful here" he replied " you numpty thats the clyde, its %^&*ing river!" all the best wobbs"
- wobbly
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- jacksong2k10
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- jacksong2k10
"Yes as you say this has happened to me,however I buy shares that do generally go up but sometimes I'm not patienet enough to realisise their full potential. "
- RA64now
"wobbly - that is so funny about your accountant, he's like the people on BB's that 'after the event' turn up spouting how well they've done but you never seen them before. LOL. Your poor mum stuck down in Greenock. An interesting area, most of my family are down that way."
- boredmum
"moosh - we know that but I expect many get trapped on a falling sp. Market makers know exactly what they are doing when they take an sp up much further than it's proper evaluation, then take it straight back down again."
- boredmum
"OldFool13 - very early on I was taken in by the wild sp predictions and I would expect many still are. One thing that time changes is that you tend to lower your expectations and not listen to most unless they have evidence to back up their views."
- boredmum
"i bought in to CAMEC on BB expectations, "this one is gonna be a ten bagger ,bla bla bla" as it turned out the takeover was 3% lower than what i paid so i learned from that my accountant keeps texting me stuff like "spice up 15% today!" I say to him tell me the day before not after :-) I try and avoid heavily debted companies now and also companies that have never and never will make a profit (most of the AIM) IMHO deal or no deal drives me nuts,i dont watch much telly but when i visit my mum (shes from your way BM greenock) she has it on "they were 1 box away" is one of her favourite comments dont even get me started on *goldenballs* if someone lied to me about splitting the money,it would end badly for them :-) all the best wobbs"
- wobbly
"take the money and run!!! take it take it take it!!! i don't bother with BBs anymore. don't understand how anyone who doesn't have basic technical analysis can give such price projections!? fundamentals are fine to a point but most shares end up being well above the fundamental NAV and once in that territory, silly prices are just that, silly."
- moosh
"I have lost faith in BB posts to be anywhere near correct in share projections. I am relying much more on my own research now rather than listening to BB price projections. That is one reason I sold (in profit) my RRR holding for 2.33 DOH! Oh well my overall portfolio is still advancing."
- OldFool13