Member Info for CHEQUEMATE

Hope you are feeling better this morning GG. Lets hope it is a better day for you. GG

That's fine GG. You know where I am if I can help or you want to talk. Don't take on too much re. charting. I feel much better for doing far less, and I am performing no worse. Take it easy my friend. Take care CM

Hello GG. Good for you looking at candlesticks etc. It is always useful to have a look at a way to improve our investment performance. I have spent many hours and evenings looking into candlesticks, parabolic wotsits, different indicators and averages to the point of brain exhaustion. Having done all my usual evening checks and basic research I would then go deeper and deeper into analysis. All those different candlesticks and their meanings nevermind anything else. It can be a useful and interesting exercise. It may help our buy and sell decisions and timing, providing you are in a position to trade and not being stuck at work. Studying charts etc. can become adictive. Does it reward the time and effort we put in?, do we need to study the charts so hard?, is our present investment strategy working or not?. Charts can send conflicting signs. An unexpected RNS can/will have far more effect on the share price, confirming or denying a chart pattern. Such a RNS can blow out of the water all the hard work and time we have put in. Has charting improved my share performance?............(roll of the drums)..................no......no it hasn't. I put so much time in, looked at so many things, stayed up late so many nights. I found it hard going. So.....I largely gave up. The only charts I tend to use now is the main sp chart giving general trend and strength and as you know the 3, 6 and 12 month chart using 9, 20 and 50 day moving averages. Candlesticks.......are they reliable?. Well, up to a point. But we both know there can be more buyers than sellers yet the sp falls, and vice versa. Looking at the candlestick chart for the day it will suggest that sellers had the upper hand and will support negativity. On the face of it that would appear correct but it contradicts the trades (unless they are wrong). Bear in mind charts always show what has happened in the past and not the future. They can show a trend though which can be very useful. Far more important (imo and from my experience) is using the Zulu Principle; yes the PEG, EPS, PE etc, studying the RNS in detail, the outlook and the Chairmans statement. Any charting must be done in conjunction with the above; don't take short cuts thinking charting can replace the above; it mustn't. Some chartists use charts to identify trading patterns. If it works for them then good. However, I would suggest that if we look hard enough we can probably find patterns most anywhere. I am reminded of the quote from the Z.P by Gary Player, the golfer. He said "the more I practise, the luckier I get". I have become far "luckier" by studying the fundamentals etc., rather than charting. Don't let me put you off though GG. All I would say, friendly advice intended, is don't overdo the charting. Give it a go by all means; you will probably find it easier than me. If you find charting difficult don't worry, join the club!. Just find the chocolate!. CM

Hi GG. I will get back to you about charts this evening. In the meantime you may like to take a look at AMO, have you mentioned that one to me before?. Not a recommendation to buy, well, not right now, I need to look at it more myself; but there is the Cambridge connection. Must be off, that 4 lettered word beckons.........work!. Have a good day CM

Have patience I think is key here. Disappointed the share price isn't higher than what it is, but I was never expecting a rocket here. I got impatient with NET the other week and sold out to buy into a more flashy share only to get burnt fingers by an unexpected RNS. Had I had more patience for another couple for weeks it would have been repaid. Same here in my opinion. I don't see this as anything new for PEN. Not topping up, at least not yet. Regards CM

Are you back in NET Babbler?. I would like to have said today I have topped up, but in fact I have bought back in at 34.25p. I sold a couple of weeks ago to buy into CCVU, which seemed a good idea at the time but yesterday an unexpected RNS hit and CCVU took a dive. So bailed out. Should have stayed where I was and followed my own research and have had more patience. See NET as being pretty similar to IDOX, which I refrained from investing in when around high 20s low 30s only to see it ovr 50 now. Time will tell. Often worth waiting for the mkt. to react to a share largely under the radar rather than go chasing the more flashy shares. It is often the quiet ones which win the day. Good luch all. Regards CM

Yes, think you are right. Have been researching all evening. So very tired now and not a lot further forward despite looking at I don't know how many shares. Exhausticated. Take care. Hope your little ones are keeping well. CM

Just been looking at SSYL If you were considering investing in SSY have a look at their RNS today and in particular the outlook. Think I may take it off my immediate list for the time being. Regards CM

Hello GG, so good to hear from you this evening. Can I have that bottle of wine now please to drown my sorrows!. Oh dear!. So you read my post over on CCVU. A real kick in the pants today. Sold over phone rather than wait until lunch break and internet sale, so had to pay higher commission, but was concerned that by lunch the share would have fallen by more than the commission difference.......which it didn't.......of course!. Share has recovered somewhat but I wonder what will happen tomorrow for reasons given over on CCVU. We all have to make a decision what to do. I have lost a lot in the past and seen others lose far more than me by holding on expecting/hoping for a bounce which never comes. Strictly speaking there is nothing wrong with CCVU but I for one use a broker that does not trade ASX. Double whammy was that I had sold my NET shares to buy more CCVU on the basis that it would rise further faster..........oops!. Wonder what the Naked Trader will say on Wednesday?. The only comfort I have (apart from you!) is that the loss on CCVU has been balanced by GBO rise over the last week or so. A kick in the pants nonetheless. At least the sale frees some capital to look to invest elsewhere. Like FJET, CCVU was a share I did less of my own research on, so let that be a lesson to me!. It's been a while since I took a hit, maybe I was due one. So, its a case of back to looking at GBG to give me back some of that loss. Holding twice as many shares in GBG as I did in CCVU means the rise to counter only need to be half the amount.....there's positive thinking for you. 4 times the amount in GBO as CCVU means the rise need only be 1/4 the amount. Lets hope that when the updates come out they are good, or it will be more than a bunny being boiled in a pot!. I led you to GBO?, err.......... it had better work out then my friend. Heaven only knows what will happen there after all the false dawns. More generally I am wondering what is going to happen across the Pond when the Demos and Repubs have another go at throwing each other over the fiscal cliff in the near future. No further on with my trawl. Thanks for posting GG, I needed that. Take care CM PS Finally got some snow here this afternoon, so glad I didn't cycle today.

Yes, RNS out today states that the listing on the LSE will be cancellled as from 18 February. I have spoken to my broker and have been told that this means that unless you have a trading platform (broker?) which enables you to trade shares on the Australian exchange then you will not be able to trade this share as from the above date. You may be able to come to an arrangement with your broker which enables you to "take your shares" elsewhere and try to trade them yourself. This seems to me that it could prove difficult, time consuming and expensive; possibly having to open an account elsewhere. Despite on the face of it this would appear to be a company with potential, I have decided to sell out, with a loss of around 15%. This news is stock specific and not market general. I can see no reason to buy into this share knowing that it will be de-listed in less than a month unless hoping for a bounce. This RNS has come completely out of the blue with no warning. Had the news been released at 07.00 I would possibly ben able to get a better price; I am speculating that the news was held back to prevent a dive in sp first thing. However, in my opinion, once investors are able to read the news and try to understand it, I foresee further selling and consequently a further fall in share price. I may be wide of the mark folks and I am not deramping. We all have to do what we think is best for ourselves. However I have learnt that one of the first rules of successful investing is knowing when to take a loss. CCVU will be listed only on the Australian Stock Excange. Good luck all Regards CM

The Hobbit. If you enjoyed the Lord of the Rings then you will enjoy the Hobbit. Some excellent special effects. I enjoyed it. Had to go on my own of course!. There were only 6 others in the cinema, guess most people had seen it by then. Could almost got away with making bunny images on the screen with my hands it was so small a screen, but guess that wouldn't have been cricket. Some excellent characters. Watch out for the mountain trolls; very funny, reminded me of some of the people I work with!. I think I felt I had to see the film because there would be no point seeing part 2 and 3 when they come out. Big kid!. Sorry the sledging didn't go quite as you had hoped. Can't imagine where you would sledge in Cambridge mind you. We sell sledges at work. Thought about buying one on Thursday for the snow which didn't fall on Friday. Love sledging. Remember flying down the fellside and having to bail out at great speed before hitting the drystone wall at the bottom having ridden some of the rocks and jumps higher up...........couldn't see a thing!. Big kid!. Could have done with some mulled wine afterwards. Will keep you posted re my trawl. There is a lot of work to be done. Sorry folks, I know I am totally off topic........forgive me. It's my age you know!. Have a good weekend and here's to a good week ahead for GBG. Regards CM

I've done it AGAIN............pushed the wrong flipping key and deleted everything I was about to post!!........what a plonker!!. And I am tired!............TWIT!.........STUPID BOY!!!. Oh well. The first part was typical CM prattle anyway!. GBG....yes. See this not staying below £1 for too long all being well. By my reckoning the next rns giving a trading update should be out on or around Monday 28, give or take two or three days. It will be interesting to see what the organic growth is as well as the contribution made from the acquisitions and any news relating to Argentina and China. There has been no news on the GBG website since early November which could possibly explain why the market has marked the sp down, perhaps they were expecting something more. Having said that, the market is so huge that I don't expect for one moment it is sitting on tender hooks waiting for a rns from GBG. The next rns will be very important. Any hint of negative news, especially from the Chairman, then get out. I'm not expecting bad news, but it can happen even to the best of companies. Best not to sit it out because that is one sure way to lose out. Our investment strategy is uncannily similar GG. These days I tend not to invest anymore than between £750-£1000 for exactly the same reason as you. Keep something back to invest further if things go well, don't expose yourself too much if the wotsit hits the fan. Exactly the reason for investing small time in FJET. It was really a "play" and totally out of character for me; guess even I am allowed to do that from time to time!. Only lost around £50, about what I made on the day from my investment in GBO so balanced itself out. Had I invested 10 times the amount though losing £500 would have been a bad show. If you think that would have taken out much of my profit from other investments then you realise then how sickening a gamble that would have been. Your husband is quite right about Africa, they do business in quite a different way to the Europeans. If we expect them to change overnight then we are being naive. Just as an aside but sort of linked........loosely (very)........a guy who I used to run against in my fell running days, took part in a race in Cameroon (I think). The race starts in the jungle, goes up some high mountain and back. Jack was winning the race at the top but finished 2nd., although no one passed him on the descent!. Turns out one of the other runners had an identical twin brother. On the way back down, this twin brother (who had hidden on the course) jumped out before Jack got back and pretending to be his brother went on to win the race (wearing the same race no. I guess). What a b*****r eh!. So..........if they do that to you in a fell race what can you expect in business!!!. (May be in trouble now for that assertion......oops!). Running out of space here. I'll be back. Regards CM

Good day Bezz, how are you doing?. Thanks for the post and your comments, appreciated. Interesting you mention CMS, it is another share which regularly comes up on my list after doing a trawl. A few months ago I was very close to investing when the sp was around 34p. A good rns came out in the morning and pushed the sp up so my order didn't get placed and by midday it was more than what I wanted to pay. The price did fall back over the week, but, hey, look at it now!. I think I may have taken the option to buy into PEN instead as an alternative, which hasn't performed as well as CMS. It may have been that I had looked at the sp graph for CMS and noticed the spike back in February and had been looking for a more constant upward movement. I can see what you mean about the upward movement being too fast, hmm, yeap, you are right to be concerned. The danger with movement like that is finding the support level if the share should fall back; in this case it could be argued support is back at around the high 30s. It is a real danger with many shares which rocket up that they can come back down like a lead balloon, not that I am suggesing that with CMS. It has strong fundamentals, has won new contracts and has other things in its' favour, although I haven't looked at it in any depth of late. It is never wrong taking profits in any shares, that is what investing is all about. Too often I have seen profits fall away because I have delayed selling and tried to squeeze just a little more out; not always the best idea. You can build up a nice little war chest by taking profits regularly, even if they could have been larger had you delayed. Selling is always the hardest part of investing in my opinion. CZA, yes. I know about CZA, one of my little darlings from a few years ago. Bought in around 65p, rode it to around 125p before selling out. Bought back in at around 150p just as it started to go whotsits ups, and bailed out at around 129p, overall making a nice more than little profit. Have been watching it on and off pretty much ever since. I am aware it has risen nicely lately after hitting the wall at around 12p. It is a higher risk share than CMS and needs to be kept an eye out for news coming out even not directly linked to CZA itself, ie. price of coal, shipping costs, demand etc. Potentially it could do very well. I know Bert.L, quite a character. Came across him when we were both invested in SHFT. Ask him to tell you the joke about his friend and the dog biscuits!.....great joke.....had me laughing out loud......which was kind of embarressing since I was trying to keep quiet hiding from the dogs one evening when training with mtn. rescue. My trawl will take some time to come up with anything. 5 or 6 are through to round 2 at present. What I find I will post on here. Regards CM

Just done the first trawl of the FTSE All Share and the FTSE AIM All Share indicies to look for potential investments using my strict criteria. A vast majority of them will be eliminated pretty much straight away on the next step of my research; just as well, because first list is 75 long. I expect this to drop to less than 20 then drop again. Very interestingly GBG comes into the list yet again, along with GBO, TRCS, UFG, NET. Additionally, other shares that had been on previous list(s) using the same criteria have seen their share price increase, in some cases quite significantly, ie. AVG, CMS ANP. Hmm. Need some time here.......and extra funds potentially. Will keep you informed as to what I find. Regards CM P.S Nice to see a steady day.

Hello NC. Regarding the spread on this share, or for that matter any share. The market makers make their profit on the spread and volume of shares traded. If a share is actively traded throughout the day then the mms can generallly offer a tighter spread, a matter of supply and demand to an extent. Conversely, if a share is not actively traded then the spread will generally be greater. The mms don't want to have anymore shares on their books at the end of the day than necessary and will try to balance things. Volume does come into it as well. If you want to sell say 100,000 shares and there isn't much of a market for it then you may get a worse offer than if you want to sell 10,000 shares which may be easier for the mm to sell on to a buyer. Generally you can get a better bid/offer spread when you approach your broker. It is more of a concern when you are at the point of wanting to buy or sell when you are considering what your profit line is and what percentage rise there needs to be to break even. What is most important is to do as much research on the share you are interested in before investing. If the fundamentals are good along with the prospects then a wider spread need not put you off. Many shares have a tighter spread due to their liquidity, but their fundamentals and prospects are not good and investing in them is like throwing darts at a board in the dark when you don't even know which wall the board is on and hoping to hit the bulls eye. Their chat boards are characterised by a lot of hot air based on nothing more than hype and wishful thinking, very often the penny share oilies etc. I invested in CCVU at around 75p the first time and then added at 80p. Both times I saw the sp fall back before climbing to its present level. I would not rule out investing further in CCVU at a higher price on more news. I believe investing into strength; more often than not averaging UP (if you want to look at it in that way) has paid off; in fact I can't think of a time when it hasn't; but only after careful research. Good luck Regards CM

Hmm, down 3p at lunch; not great and if it finishes the day at 93p then below the lower Bollinger Band. However, I largely see this as a retrace down to low volume and not stock specific. But, we need that RNS out asap with figures from the latest acqusitiion(s). If the market makers didn't have more on their minds than GBG then they could look to boost volume by increasing interest in the share by dropping or hiking the sp to induce selling and buying. The mm make their living on the volume of trades and the spread. I have learnt that if a share has a good run up in price then inevitably it will pause within a trading range before making further headway, RNS and fundamentals not withstanding. This dormant period may last for quite some time during which it is natural to get impatient and think about selling out. It may be that GBG is experience resistance at the higher level and falling back to the support level before hopefully making another attempt to break out of the higher level. A good exercise at such a time is to compare the share performance with another, preferably in the same sector. This gives a better idea of how the share is perfoming generally and can re-asure us.... or otherwise. There are plenty of +s for GBG, profitability, cash rich and generative and pays a dividend, low PEG and PE, rising EPS, not a lot of competition, good institutional holdings. Having trawled the indicies on a no. of occasions GBG keeps coming up on a very short list of attractive investment propositions. I believe there is further positive movement ahead for thos who remain patient and have courage to hold on. I will do another detailed trawl of the indicies shortly. If I find anything of interest I will post on here for your own further research. Good luck Regards CM

Hi NC. Have a look under CCVU RNS on this site above. Alternatively, digitallook.com is a good site I often use. Can't help more just now, I am limited for time but will see what I can up with over the next couple of days. Know your feeling about buying in then the sp falling; it has happened many a time for me, including both times I have invested here, but the sp is now above what I paid, so have confidence. Regards CM

DRAT, DRAT, DRAT!. It's late and I was just about to sign off and go up the wooden stairs to Befordshire having almost finished a post when I pushed the wrong button!...........and poooooofffffff...........it disappeared into thin air. Bugs Bunny.........and all that!. Well.....I'm not going to start all over again, so I'll say less......"horay!", everybody shouts!. GG, good evening. I fully understand your situation about not posting so much, don't worry about it, you have other priorities. I do look forward to your comic relief however. Sounds like Bob has got a little behind! (must be the cold weather), but I'm sure when all is done the wait will be forgotten in due course and it will be a job well done and worth it. The rental isn't in one of those sheds you were talking about some time ago I hope, cor blimey, Brr, brr and more Brr as you say. Stick in there GG (not the shed), keep going. Regarding selling some of your holdings, well, that is what they are ultimately there for to give us some capital. I am invested in GBG to the tune of 4000 shares, not mega by many investors standards but it is for me. It's frustrating to see another slide back today but it isn't stock specific, a lot of shares have fallen back over this week and many by far more than GBG. We could do with a rns to pick things up and we should be due one within a couple of weeks giving a trading update. It would be great to see the words "beyond market expectations" and/or "increased dividend". I remain optimistic overall. I would like to think GBG is a walk in the park compared to investing in GBO; what a labour of love that one is proving to be. Briefly, I was stop lost out of FJET today for a small loss of around £56 I think. I had read an article late last night which I felt would have a negative affect on the share price today so didn't want to lose anymore than necessary on what is still a high risk share and didn't fit into my strict criteria of investing. The sp did fall back, and triggered the sale. Disappointed but not too surprised. I only had a very small amount invested but I wanted to preserve the capital to invest elsewhere possibley. Dare say the little darling will now shoot up!; that's life. I will get back to you GG, if not tomorrow then possibly on Friday night. It's late and I've not long got in from watching The Hobbit!........big kid I know!. Oh well, what is wrong with acting my shoe size rather than my age!. Take care, stay warm CM

Hello folk. Well, it seems the market doesn't know which way GBG should go right now. One day up, one day down with not a lot of volume. There was a trade of 50,000 at 12.32 today at a mid price of 96.5p so we can't tell if it was a buy or a sell. We should get a trading update in a couple of weeks so I am hoping that will give us a boost. The share price has now fallen below the upper Bollinger Band using the 3 month chart and the 9 day moving average. That is to be expected and is not necessarily a negative point. The trend line is till upwards. For what it is worth, GBG is rated a Strong Buy by barchart.com........err........barchart.com does seem to take a short term view of things and can change their mind quite quickly after a few days of downward movement, so I am a little sceptical of using their view for anything more than being of interest unless we are thinking of trading in and out. Hope your other investments are doing well. Mine seem to be a little mixed; some up, some down. Regards all CM

Hello GG. Not a bad day I'm a thinking what with GBO showing signs of coming to life and here GBG reversing yesterdays slight fall. I think todays move was important because had GBG fallen back further we would probably be wondering if it was on another downward trend. In my opinion(!), this could be another leg up in share price. Pure speculation I can see this rising to around 103p near term and then if the results are good possibly up to over 110p. I've had a look at the graph to try and find a pattern, but in truth, I am a little sceptical about predicting share price movement based on graph patterns. So, the same question here as I posted on GBO, do I try and find funds to invest more by selling elsewhere, or just enjoy the ride knowing that we don't know quite what is around the next bend..............is it chocolate?.....hmm, chocolate!......or is it another fiscal cliff!. I feel the latter is somewhere to be seen unfortunately. Yes, UFG is performing nicely, better than expected at this time. ECK is just 0.0022p on the bid side from breaking into profit, with PEN not far behind. CCVU has been showing signs of trying to pick up. TRCS is lying low at present but still giving me an overall profit to date of around 80%. FJET is my one "break the rules" investment. Just occasionally, usually once a year about this time, I will it seems bump my head and do something totally out of character, outside of work of course (seems I bump my head there most days!). I haven't invested too much and will watch what happens there very carefully. I don't really want to post on the FJET bb because there are many BOOOOOMMMers on there along with the clowns who I'm sure only like to look one way when they go to cross the road and ignore totally anything and everything they don't like to hear about or see. There is huge potential there, but I have to be realistic too. I am certainly NOT recommending to anyone to invest in FJET because of my holding; there is far more stability with GBG. I agree with you about the markets being overbought. I foresee a fall back come early next month, if not before but from what level to what level?. There are a no. of challenges to be dealt with particularly in the USA; I'm hoping that the share prices for our shares will be higher from where they are now before there is any retrace generally. I don't blame you for taking a more short term view of your investments. Taking profits at any time is never wrong although not necessarily the MOST profitable. However, a profit is a profit is a profit and is something to build on, so good for you if you go that way. Too often I have held out for more profit only to see it all disappear, greed!. Thanks for asking about my mother. She is recovering at home and has climbed the stairs which she was told she would never be able to do!. And people wonder where I get my attitude from!. Must fly just now. Have a good weekend. CM