Member Info for Alibro

LOL, I'm not entirely certain I want your Ar5e Dick but, hey ho, don't knock it 'til you've tried it.
How much? :p

As for being a LTH (which seems to be warn like a badge of honour hereabouts) or clinging on or being brave or all the other terms that get bandied about here and in other threads, I tried that a couple of years ago and lost my shirt. Now I dump anything that falls more than 15% but missed a bit with JOG as I'm stupidly sentimental about it.

I'm not smart enough or experienced enough or hard working enough to be able to properly analyse companies like JOG or VOG or SOU or HUR therefore I ended up listening to people on the internet like Malchy or Dick or several others. (sorry for lumping you in with that idiot Dick) and based my buying decisions on their suggestions. In most cases this was a VERY bad idea as apart from JOG (Dicks choice) which eventually paid me back, the rest crashed and burned taking my money with them.
Thankfully I never had to have that discussion with my Mrs but it came close. You know the one.

"Sorry dear but I've lost all our savings"
"What have you done now you blithering idiot"
I bought Oil and Gas shares that have crashed but don't worry they'll come back"
"And what makes you think that"
"A guy on the internet said so"
"You're a f&*%%!ng moron!" "So why didn't you sell before they fell so low?"
"I didn't want to loose out when they fly back up"
"YOU F&*%%!NG MORON!!!!!"

This would have gone on for a while but you get the picture.
I'm comfortable now with my buying decisions and for the most part the shares I buy are not Oil and Gas or mining wanabees but companies that actually make real profits. Maybe not mythical 10x baggers like get mentioned so often but real companies that make real profits and mostly give me profits that I can bank.
I only put small amounts into any given company, never more than £1k and usually around £600. so I now have over twenty different shares.
This is no 'get rich quick' strategy, Any given share needs to rise by a couple of percent just to break even and when one has a sudden jump of 10% or 20% the change to my portfolio is small but then the same can be said for sudden falls.

I'm not trying to make millions, nor am I trying to double my money in a month but I'm having fun and so far doing better than if I had the money in a savings account. I don't have that feeling of dread every morning before turning on the computer to check if a single RNS has wiped out all our savings, and I sleep in my bed at night.

These are just my thoughts, this is what works for me.

GLA and I hope you all do well here.

Thanks Dick
You're probably right and I probably jumped too soon but I've been here many times before. I had a sizeable amount of my savings in JOG when the price crashed in Sept 17. That was a bad day.
Thankfully I recovered the losses by selling on the good news the following week.
Had I decided to be a LTH and cling on I'd still be on a large loss now as the price has been mostly falling ever since. Fast forward to Jan 19 I saw the price at a crazy low and bought in again but only a small amount. Once again I sold when the price was around double what I paid so I'm now up nicely and plan to stay that way.
I predicted a few months ago the price was heading for £1 and would buy back if it went that low. I stupidly couldn't resist buying in June at 154p so I've lost around 25% but thankfully only on a small amount.

Whether this news is good bad or indifferent the price has been falling and I still feel like it will hit £1 before long and I won't sit and watch my savings crash again.
If it does hit £1 I'll buy back and who know's, some day we might hit the jackpot.

Buying and selling like this may offend the folk who like to call themselves Long Term Holders but in my case it has made me money.
If I'm wrong this time I walk away, still in profit.
Like I said earlier had I held my nerve like many here recommend I'd currently be down around 66%.

But what do I know, like you I'm just an idiot on the internet.
Good Luck All

We got the update you requested but I don't think many appreciate it.

If it is it worked on me. I'm out and only wish I'd jumped last week when I was thinking about it. :(

Is that guilty conscience of yours keeping you awake at night Dick? :p

Nice rise this morning for a change. Lets hope we can hold on to it. :)

Good to see the price coming back after the early fall.

If we don't get any news soon this will be £1 or lower.

For several days I've been checking the true value of the shares I still hold by requesting a price from my broker. It seems they are so unloved I couldn't even get a price. Today I can get a price albeit a rubbish one.
Normally my broker (X-O) is pretty good at giving me a price when I hear others complaining they can't so I was a bit surprised.

Should I read anything into this?

Unfortunately at the moment we are falling again so as I see it these are our options.
Sell up and wash our hands of this crazy stock. Only madness lies here!
Sell up and hope to buy in again at a cheaper price before any RNS. £1 or less is distinctly possible. :(
Sell up and hope to buy in again after the RNS lands. Good luck with that one!
Hold on grimly with the hope of an RNS that will save us and put loads a money in our pockets? In the meantime watch as you get poorer and poorer.

You gotta love JOG, at least it's never boring.

Tell me about it. I spotted the RNS around 7:30am and got all excited about buying back in quick before the price rocketed.
What a ****** I am for thinking good news would encourage folk to buy.

Well done for buying at the right time second time around.
I originally bought at £5ish but after reading the Naked Trader's advice to never sit on a share as it falls I sold with approx 15% loss.
I bought back in again last week and still in negative but not by much.
Hoping to get be in profit on this one next week.

GLA

If you phone a government body it's quite possible you are talking to an employee of Capita.
They also do other IT related stuff.

Brexit caused a massive increase in storage across the country last year with companies trying to mitigate the inevitable supply issues.
I'm not sure if this is still the case but the manager of a local storage company told me he couldn't keep up with demand.

Thanks for the replies guys. My only reason for being here is to make as much filthy lucre as possible so yes my question was agenda driven.
It is no surprise that a company trying to run this technology on the cheap will fail so it's good to hear Eqtec will do it properly.

Does anyone know why these plants were shut down?
It's great news that we have bought them for cheap if they can be profitable but if they were profitable then why are they cheap?

Having just recently moved all their computers to a new office in Belfast I can confirm Capita are not throwing money at IT.
They bought new thin clients but reused their old monitors which is not surprising in itself but I swear they are at nearly 20 years old 17" square monitors. I suspect the new premises will be much cheaper too because of their location so if this is indicative of the cost cutting going on across the company then short term at least we should see a boost in profits.

Capita was the first share I bought in 2017 at just over 500p. Thankfully I sold before it crashed to todays levels but I still lost a few quid on it. Hopefully having bought back in yesterday I'll recoup my previous losses.

Mentioned again yesterday by the Naked Trader. It's been one of his picks for a while.

That spanner could well save the company in the medium to long term. Electric cars are becoming more and more common. How many did you see on the roads 5 years ago compared to now. The roll out of wind turbines and solar is ongoing. Not to mention the upgrading of insulation in homes etc etc.
Agreed in the short term (next 5 years) Oil will continue to flow in similar amounts to today but after that it will decline, maybe even earlier.

Just my prediction, probably wildly out but maybe.......

My buy at 1.5 is showing as a sell.
You can't trust this site when it comes to buys and sells, it's only a best guess by the software.