Choppy226 Feb 2011 13:23
Glad to hear you enjoyed your hol, i'm too old for skiing and would likely fall and break something. Definitely one for the under 25's, but i would enjoy the Apres-Ski lol!!
Know what you mean about good results not being received well. It's very often the case that the city knows what is coming and has already factored it into the price. Will have to keep an eye on Encore for you, hope it does well.
I'm not an active trader these days i just monitor stocks i purchased in the 70's-90's and 'cull' the poor ones, or those with little div, to provide funds when they are needed.
I have, in the past, taken apart a few of these supposed tipsters when it's apparent that what they are saying over the long term just doesn't stack-up, with some success, as at least a couple have since disappeared. Being able to click on a posters name and trawl through their posts is a great tool.
The only time i have ever bought as a result of reading someone posts was a 1,000,000 share purchase in Millwall (MWH) @ 0.022p which cost me £220!! This was after chatting with 'wag7' and reading his history. He's another Scot and we talk about everything from renovating property to the motorbikes we have owned. Sadly, after a 100,000 to 1 consolidation i now own 10 shares worth £76.50 but his eternal optimism just keeps you believing that there is a rabbit somewhere in that hat!!
As far as HMV is concerned i think you already know my views. And i never really understand people who continually average down to try to achieve a lower price. I can see why they do it, but in my mind they are simply throwing good money away. Unless of course it pays off, but for every 'Phoenix' there are dozens of failures!! Yes, you could average down to 25p and have a chance of breaking even for all your hard work. But you run the risk of losing money on your top-ups if it falls to say 15p. Surely you'ld be better off putting your money into a different share in an attempt to recover your losses on HMV. I know that if it was that easy we would all be doing it and making shed-loads, but there are a lot of co's out there with better prospects than HMV, and you would be diversifying your portfolio, ie putting money into a different sector then all into retail. The main problem is of course once in it's easy to believe all of the positive comments on the board.
Sometimes it can be a very cathertic experience to sell at a loss, learn from it, take the money and move on. When someone says 'it's only a loss when you sell' what they really mean is they have a lot of losses in their portfolio that they don't want to admit to!!!
I am definitely no artist, more a failed scientist, and always done manual jobs. 25 years as a van driver and 5 as a builders labourer. Mind you what i can do with a hammer and chisel is an art of sorts!!
As for the home improvements they've been put on hold as the mother-in-laws care requirements have rather thrown a spanner into the works. ATB.