Bigtosh22 Jan 2014 21:34
Good evening BT. Thanks for your post, which I only noticed this morning. I appreciate your views and your council.
Yes, I do research pretty extensively before investing. I try not to invest a great amount, certainly not in the first instance, preferring to hold some funds back to invest further should the share be doing well backed up with good news. I will average up, never average down. I also try to wait for consolidation of a share price and confirmation of any trend. Doesn't mean of course I always get it right. I have had GBO on my watchlist ever since I bailed out. It was appearing consolidation was taking place around 60p, so I was awaiting an entry point, waiting for the shorters to bog off!. However, the share price took off late last week, quite possible a break out. High 60s then into the low 70s. Then I read your post below and remembered how you had said previously that you have seen shorters act before. You come over to me as a wise man with a lot of valuable experience. Our experiences are not only valuable to ourselves but can be invaluable to others, in which ever way it has been gained. So, why not use others experiences to help each other. With my/our research, the fundamentals, the good RNSs I took a small holding in GBO late today at around 68.5p after a small late recovery in the share price after todays retrace. I think the main problem previously was the size of the holding I had which whilst the share price was rising was fine but when it started falling back made me nervous. This time it is very different because I only have a fraction of the previous holding. I had thought the trading update was due tomorrow, but have subsequently found it is next Tuesday.
I am afraid my time scale for investing is shorter term than you. If I hold a share for 2 years as I have done with GBG and almost TRCS then that is exceptional. I will try and ride my profits until I see the story change and/or I need the cash, or I get nervous of course, lol.
You have mentioned MONI and COMS in your post. Interesting. I held shares in MONI for a good while and overall made a good profit. I sold out back when the share price was around 30p largely because the company seemed to be issuing more and more shares and still was no nearer making a profit. COMS I only held briefly, making a small(ish) loss, since which the price has recovered. Sometimes these things happen. I believe there is potential in both companies. I have since invested the cash elsewhere, with reasonable results.
Better go BT. Thanks again, take care and good luck.
Regards
CM