RE: new uptrend30 Sep 2018 21:14
MarcoT, go ask around your mates who hold aim shares. 8 out of 10 people whom I've talked to on the lse or iii.uk will say they have trash stocks or semi trash shares in their portfolio:
Kefi minerals, Gcm resources, Range Resources, UKenergy, Falkland Oil, 88energy, Trinidad Resources, Max Petrol, Gulfsands, etc., etc... its a long long UK stock list with dead corpses out there.
Yes, go, hop over to the 88e board and see how happy they are with the 10p they've hoped for, while the stock trades at 1.10p :))
One guy told me he held 2M Pounds worth at 3p and saw it come down again to 0.80p.
Nothing that you and me would want to be involved in, right?
Of course at somr stsge every aim stock has had its days (like Terrier gently named it here at N4p). But this alsoo means: If you did not actively manage your PF with the above candidates, then you're dead today.
I held GCM for a while from 15p and sold them 120ish and 250ish and 220ish. Later as from 200p came the final sell alert pointing towards a crash to 70 and 50p.
In the end they were 20 and 15p :((
Is this what you regard a long term investment?
So theres the confusion: Most newbies (or poor men pennystock buyers) are of the opinion to make a long term, 5, 10 or 20 year investment. Like when buying Amazon in 1999 for US $40, and simply hold on to it untill $2,000 today. No such thing on the aim, my friend.
Most aim companies come here bcse this is the easiest way to soak up money, and because they do not qualify for Ftse 250.
Do you buy cars that are far away from british automobile association qualifications? Do you buy building materials and windows for your house that di not meet EU security standards? Why not? English posters told me they put 30k in Range Resources. Thats the price of a decent car, isnt it? Well, their 10p investment at RRL is down to 0.070p today. Nothing I ever want to live through!!!
Those people are just so dead in there, while the Range Resources story was very promising for a while.
AIM is for betting with expendable punts, abd then move on like Terrier did.
Isnt it funny that its mostly small- and even poor investors who bring 90% of their life savings into aim shares? Its because this is the playing ground of the small man. All fair enough, but IMHO please dont overdo it.
Money management is very important:
To decide which amount can be invested in stocks, and what amount do I keep as backup. And, which amount do I want to take for a gamble on the AIM? Maybe 30k? Maybe 50k? Up to you.
For me the aim is just a sideline, because I cant work with large cap amounts like I do on the Ftse. For eg last week I had 300k worth invested in KAZ minerals, from 482p and sold them three or four days later for 580p. This, matie, is a huge huge income (tax free here in CH), with very little effort. Plus all TA signals were giving me direction. This IMO is a valid way to earn regularly - not some gamble "will they get the trial or will they no
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