RE: Bushveld minerals cross below 200-day moving9 Dec 2019 20:23
Ok on reflection I can see why you guys all think I have other motives here. I did think when I asked the question if I might put a few people off so it was probably a daft question and not a good start here.
Just for brief background. I only purchased £5k of shares at 22p very recently after a few weeks of studying a few mining and tech stocks. I bought a bit less of another company.
After seeing how this one settles price wise and feel more confident, I’ll buy another £5K and that will be it.
My caution is borne out if ‘trading’ many years ago after being sucked in by a friend and learned a lot the hard way.But it wasn’t ‘investing’. My last ever trade was a company called Arm Holdings around 2004. They did T20 contract notes back then were you didn’t have to settle until 20 days after buying. My favour growth share was Arm and on one evening I bought £30k at roughly 93p each at 4pm and at 8am the following morning they had a profit warning and dropped 40%. I couldn’t keep the shares at the £30k level due to personal circumstances so took the hit.
I never bought another share since that day until now and grimaced each year when I looked at Arm prices Hence my caution now and not ‘trading’
I recall two other shares that were heavily promoted at the time, Minmet if any of you recall in the Mail on Sunday...went bust and Eurasia Mining, who seem to be on a bit of a run after all these years.There ends my story, believe what you will!