Member Info for Alibro

JOG has had a long record of soaring on news or rumour then sliding back over weeks and months so MT may be right that the SP will fall again to the 50's or 60's.

Or he could be completely wrong and it could soar again on some new piece of news.

In my opinion FWIW JOG is a gamble and should be looked at as such.

Huge congratulations to anyone who bought in at the bottom of the dip.

I dumped the last of my holding at 99p on the way down with some loss but didn't go with my gut to buy back in when it was in the low 60's. Hopefully for you guys the price will climb as it has in the past but I won't be investing/gambling here again. I've been bitten here too many times.

GLA

Morning Dick. I'm privileged to be the butt of your wit. ;-)

My holding might be small but that means gains are good by comparison. It also means if things go tits up like happened (more than once) before I won't have lost my shirt and the Mrs will still get fed.

My investing strategy might not have reached your levels of glory but so far it's holding it's own. I first bought JOG 7 years ago and I'm still around which is more than can be said for most of the so called 'long term investors' who have disappeared shirtless.

The way I see it there are only two ways to make a decent profit in JOG.

1, buy at the start when the price was pennies. You may have managed that trick but the rest of us are a bit late.

2. Buy when it is cheap and sell when it is expensive.

How to define cheap is the trick here and rightly or wrongly I've decided 150 is a good price.

How to define expensive is the next trick which I still have to figure out but the last 5 years would suggest anything over 250

Why am I bothering to mention any of this?

Unlike most posters here I am not convinced JOG will make me rich, history would suggest the opposite is more likely so perhaps these words might act as a warning to someone out there thinking of pouring all their life savings into one basket.

For the last couple of years I've been saying 150 is a buy in or buy back or top up price. (take your pick)

It looks like at least someone agree's.

It's not often I buy the day before a rebound. OK it's only 8% but I'll take it.

With my purchase yesterday I'm back in black and here's hoping it's not a short term gain.

I said a couple of days ago that JOG was due some news that would boost the price so maybe this is the start of something.

Here's hoping

GLA

I've never claimed to be a long term holder so I haven't been as badly effected as many.

I've always jumped if I thought the trend was down and bought back in if I thought the trend was up.

With my recent purchase I'm now down around 9% on my current holdings (up by several grand overall) so it looks like I bought a falling knife at the wrong moment but I'm very hopeful of a decent return now.

We must be due some news to spike the share price again.

Almost 4 months of steady decline so if past events are anything to go by this must be an excellent opportunity to top up again.

I couldn't help myself and bought a few more at 149.

"I think the numbers would shock us all - You would think the "benefit office" would be able to check out some, if not all of the "living styles" you have listed above - post the election Labour will cheerfully enhance these benefits, it is in their DNA."

I think if you have ever been to Benidorm (or similar) and seen the tattoo'd low life's, lying up, drinking and smoking (or vaping) around the pool you wouldn't be even slightly surprised.

I know a girl living on benefits.

She claims she can't work due to 'mental health issues' which is complete b0ll0cks and is basically the new 'bad back' for the chronically lazy.

She deliberately (just my opinion but I'm sticking to it) got herself pregnant twice

She has a house paid for by us

She has disability allowance paid for by us

She has income for each of the children paid by us and the father

The grandmother of her children works in the Jobs and Benefits office and recently told us she has an income equivalent to earning well over £20k so with all the benefits she could never earn more by working.

She spends more money on cigarettes, Tattoos, bottox and having her nails done than many do on food.

And recently she started taking driving lessons as she plans to get a car on mobility!!!!!

I would like to know how many of the people in the UK currently classed as 'in poverty' have a contract for a new mobile phone and how much they are paying.

And how many are paying for Amazon Prime, Netflix, Sky etc.

And how many go on holiday to Spain regularly

The general trend for JOG over the last few years has been big jumps on news followed by a slow decline.

The last time it dropped to 150 was 2 years ago and it stayed at these levels for quite a while.

I suspect It's going to take more news to lift the price

Quoting Varnish here.

"What the price drop in 2017 and 2019 has to do with the position JOG are in now is a bit beyond me and I strongly disagree that "buying JOG shares is taking a punt".

I have both lost and made thousands here but it was always money I could afford to lose even it it hurt and thankfully I got it all back plus some. On every occasion 99% of the posters here said exactly the same as you, right up to the point they lost most of their savings and were never heard from again.

I'm not saying JOG is a bad company and I do agree it is worth buying at this price but it is definitely not a certainty.

The price of JOG shares has always had more to do with news from JOG, momentum and sentiment than the POO.

To answer Cyril2's question "What is the worst case scenario" take a look at the price history.

In 2017 the price dropped from 236 to 68 overnight, in 2019 it did something similar. Yes the price rebounded both times but if you were the poor sap that lost everything by selling after the drop then you would know what the worst case case scenario is.

In my opinion (for what it's worth) buying JOG shares is taking a punt which could go either way, I'm not prepared to gamble my life savings on a punt regardless of the odds.

Is it possible I actually managed to buy at the bottom of a dip?

Lets hope so. ;)

JOG price has always gone up and down like a roller coaster.

Nothing new here.

Last time Jog dropped to this price I tried to be smart and hold on for it to drop further and missed out on huge gains and potential profit so this time I'm not waiting. IMHO this is a good opportunity to buy on a dip so I bought a small amount.

I've always been cautious with JOG and treated it as a punt but at this price it is worth taking the chance.

Am I grabbing at a falling knife? I guess in a few weeks I'll know.

You got me.

I don't know how you remembered as I didn't but it was Capita I bought first then a day or so later JOG in Jan 2017.

I also got out of Capita in time to avoid the crash with only a minor loss of around £30 but haven't gone back there.

I always find averaging up hard as it seems counter intuitive. The temptation for me is to sell when I see a nice profit as I'm always concerned the price will fall again but I guess that's the cautious side of me coming out. I did that a couple of years ago with Tesla and missed out on a 4 or 5 bagger

The only share I now own where I averaged down is Tesla but so far that has worked out as my first purchase was on a peak.

MP0818: I think you have failed to note the most important element here, so in the spirit of seasonal yuletide goodwill to my fellow JOG investors, can I suggest the following amendment "whilst directors and management cream off in inflated salaries, bonuses and easy options, all of the cash coming from NEO and SQZ which rightfully belongs to shareholders NOT those with their snouts in the trough."

I'm pretty certain the only reason most of us are here is to try and make a quick buck so I'm not sure the majority of shareholders rightfully deserve very much.

JS there is no such thing as being "locked in" If you believe the money you have tied up here will go up in value then keep it here but if you think it will go down then take it back and invest it else where. If your JOG shares have fallen in value then that money is gone, it might go back up but it also might fall further.

The money I got by selling my JOG shares went into two companies Costco and Intuit, both of which have risen over 20% since, pay a decent dividend and have a long history of rising in value.

I have a soft spot for JOG as it was the first share I bought in 2017 but I don't see it as a long term investment. I try to buy when I see it dip then dump it on a peak and I don't apologise to anyone for doing it.

I'm not sure putting money into an oil and gas share on AIM could ever be categorised as "Investing", more like semi informed gambling.

The sudden rise to almost £4 per share is the reason I have any profit here as before that I was down a lot.

I'm not sure the board members care much about the share holders or what they think so long as the money keeps coming in. If you were in their shoes would you?

JS, I'm pretty sure I warned you about this company a year ago or more when you first started posting here.

Nothing that has happened is surprising to anyone except you it seems.

I said then that money in JOG was more of a punt than an investment and I still hold to that. Over the years I've bought and sold many times and I'm lucky be up a few grand on it but I never understood the fixation with being a LTH.

For someone like Dick who bought very early big profits were possible with a very small stake but buy now and you're gambling a lot with the likelihood of making a moderate profit or even a loss.

The last time I bought I foolishly ignored my own advice to only top up around 150p and bought at around 220p. I was then unlucky enough to sell at 195p just before the last big announcement so on that occasion I lost but I'm still up overall.

JOG shares have a history of rising sharply on news then drifting back down shortly after. This is nothing new and will probably happen again.