Member Info for Alibro

In 2017 I put his bucket list into a spreadsheet to see what would happen.
Every single stock crashed in value and some are virtually worthless now.
I found to my cost you need to be VERY wary of basing your purchases on his recommendations.

There is no point in claiming JOG is worth anything more than people are willing to pay. In the future it may be worth much more than now but today 16th March 4pm JOG is worth exactly 162.5p per share as that is what people are willing to pay for it.
Over the last few years the price for JOG has had a habit of surging at news then drifting heavily until the next news which either made it surge again or crash completely. Before the current disaster the price had been drifting so thankfully my Stop kicked in at 188p but unfortunately I bought back at 187 thinking it would only be a temporary blip, thankfully only a very small amount though.
If we don't get any good news soon this will fall to 100p or less. so I'm setting that as my buy back price to replace my original stake.
Hopefully I won't be able to and the price will surge again.
GLA

Just for kicks a couple of years ago I set up a spreadsheet with Malchys bucket list to see what would happen
I bought (fantasy) £10k of each of his 13 picks so £130k. The portfolio is currently worth £53k.
The worst performer was Sound which fell from 80p to 1.3p i.e >98% loss
The least bad was Cairn Energy down from 228p to 194p or >14% loss
At the time he didn't even have JOG in his list or Serica.

I'm very wary of anything Malcy says after investing in Victoria Oil and Gas a couple of years ago. He couldn't have been more glowing in his appraisal of the company and partly because of his comments I bought some and watched it going down the tubes. eventually getting out with a 50% loss at around 55p. It's now less than 5p.
Other companies I've heard him lauding have also crashed in value so I take everything he says with a large pinch of salt.
I'm not blaming him for my loss, Dealing in shares comes with no guarantees and if I choose to buy a company that is my choice.
Just saying now I don't listen to anything he says.

I don't think anyone (sensible) claimed JOG was a guaranteed money maker. If it were that easy everyone would be in here and the price would rocket.
Buying shares is always a gamble and with oilers doubly so.

It's hard to believe recovery in 2021 isn't already factored into current prices for the big players.
It might lead to good times here though.

I can't believe this group is so quiet.
This is one of best performing shares, up 120% and still rising.

Perhaps the world wide pandemic and potential recession could be considered a reason.

Oops, the question marks were a laughing emoji on my screen if anyone was wondering

Hi Dick
It's great to see your words of wisdom (and occasionally sarcasm ??) again, we all miss you when you're not about.
Glad you're still above ground and hope you get well soon

I bought in here in May at just under 50p and so far very glad I did. One of the only shares in my portfolio currently not only in the green but rising.

GLA

Ain't nobody her but us CHICKENS!!!

I agree it's never wrong to take a profit but sometimes it can cost you a packet. I bought in here at around 50p and sold around 90p with a nice profit. Unfortunately my next buy in was 100p so I would have been much better off sitting tight.
I also bought Tesla at $500 and sold at $700 with a nice profit. It's now $1500 :(

Oh dear, I bought NMC too but jumped with a 30% loss. Not one of my better moves either.
I also bought into DWF and was on close to 50% losses but held my nerve and they're coming back up now. Pity it always takes longer to rise than it does to fall.

A couple of months ago when oil prices crashed and Jog fell to 50p I posted this was the best buying opportunity in years. Good
I had sold most of my shares when the Corona virus started to look bad and before things crashed. Good
When I saw them at 50p I bought a small number, only 2000. Good and Bad, I should have bought more.
after some nice gains I decided to play with them by selling on a peak at 90p and buying in again on a trough. Bad, the trough didn't happen.
So I realised my mistake and bought in again at 100p Good and bad, I only bought 1300
Result? My stupidity cost me a grand so far.
DOH!
Oh well, compared to not buying Tesla at $240 when I believed it was a bargain, waiting until it was $500 to buy and selling at $700 this was a small mistake.
You can't win em all.

I found IG were terrible for trading in JOG and switched to X-O.
X-O web site is horrible and a few quid more per transaction but much more reliable. A while back when I had my JOG shares in IG I saw the prices tumbling and the price IG was offering was way below the bottom price.
I now use both as I didn't want to sell all my shares and repurchase so I did some comparisons and X-O were offering sensible prices for buying JOG when IG couldn't offer anything.

Another nice rise today.
Could it be possible that for once I decided to buy at the correct moment?????
I'm sure we'll see more dips but it is nice to see a couple of positive days and for me anyway JOG is back in the black. :)
GLA

LW you hit the nail on the head. On the day oil was reported as having a neg value the price of many oil companies crashed. I immediately took a couple of grand out of savings and bought some Bp and Royal Dutch Shell. Both are now showing 15% profit and I fully expect to see close to 100% profit in the next number months (or maybe years).

Thank you for clearing that up Dick
I did wonder how we would get anything if the company was wound up but as I'm more than happy to admit my own stupidity I just went with it.
Mr Herron on the other hand seems to think he's an expert but he kinda proved otherwise today.

If you're right and worse case scenario JOG is wound up we would loose around 20% at todays prices.
As AIM Casino's go that's not a terrible risk.
If on the other hand we're right and JOG is a bargain at these prices then we stand to make anything from 100% to 1k%
As I'm currently down around 10% then I could loose 30% but that's a risk I'm willing to take.