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Hi year1970, I hope you are doing well with your investing. Yeah I suppose I could have just said nothing, but in my opinion that is worse than not saying anything and not stating the reason why I sold. I always posted when I bought and also posted when I sold all of my shares during the very early days when MAGP first reached 1p and again when they reached about 2.5, so wht not at 5p? Everyone also knew that I traded the shares regularly on news I think I would have been criticized no matter how I played it when selling @ 5p to be honest. I've seen heavy criticism of regular posters that strongly supported the company on other forums after they've sold their shares, whether they've announced it or not and it's a no win situation. MAGP 10 bagged and as so often happens with highly speculative shares that rise that strongly, they run out of steam. I posted my thoughts and opinions here more than anybody else and put a lot of my time and energy into this forum, as did Baron, I remember Baron going very quiet on here for some time and I was receiving e-mails from investors voicing their concerns over whether or not he was already quietly selling his shares. The truth was that at the time in question, he wasn't. My point is that even when you say nothing, people fear the worst and start to panic, especially when the person concerned is a major contributor. Anyway, as the most active person on here at the time, I felt I owed everybody an explanation about my decision to sell and I knew that some people would have a negative view about it. At the end of the day I just went by my gut feeling, like I did when selling at 1p and 2.5p. A lot of hype had gone into Prucha and several Bakken wells that Rita had interests in when claiming MAGP expected to have 100 producing wells by year end.....which the unforgiving market noticed she disappointingly missed. I had other issues with the company as well, so I had plenty to consider and as you found out over time, I came to the right conclusion, Some of the posters were taken in by speculation from a certain penny share chartist arguing that MAGP could go to 7p, but I thought to myself good luck if that happens, I hope it does, but I don't think it will There was no fundamental reason for the market cap to be that high and the froth was bubbling over 100% thanks to enthusiastic speculation. Any correction was likely to be as harsh as seen in other penny shares in the past. These were the the thoughts that were swimming around in my head when the share price was peaking and I wasn't going to hide my feelings from you guys.Like I said, I felt I owed it to the forum. My only regret is the fact that many of the long term holders weren't prepared to sell on my recommendation, despite them being sat on a fat profit. I don't mind your honest account of what you thought about the way I handled things back then. What does annoy me is when trolls come on here to twist the truth about me. Good luck maggot :)
Hi Drew, good to hear from you too and saddened to see how things turned out in the end for many long suffering investors. Very rarely I take a quick peep in here just to see how things are faring and had no idea about the de-listing until today. Indeed Baron has been making quite a name for himself on twitter and good luck to him as he only posted the stats and facts while he was invested here. I always felt he had the talent and knack for this investing lark and openly confessed to me that he learnt a great deal from his early days with MAGP. I gave up the game a few years ago, mainly through lack of motivation and spending far too much time on this site, to focus on more important things in life. I hope you have had better luck with your other investments. ATB
Took time to read your trashy accusations towards me and to set the record straight, I warned investors that it was time to sell when the share price was hovering around 5p. I said the Company was overvalued at that time. Yes it was due to the combined belief, expectation and speculation generated by not just Baron and myself, but many others. I wasn't the one pumping when the share price reached 5p. I announced that I had sold my shares just before MAGP peaked and plenty criticized me for it. I felt that it was right for me to express what I was thinking and will always believe that. It's about making and then knowing when to take a profit. Countless highly speculative penny shares have risen in the same manner before retracing back down again. Too many investors fell in love with this share and held for too long when in fact they should have sold, stepped back, taken a very healthy profit and a breather. What you are saying about me is twisting the truth.
Hi Lindi, I hope you recouped your losses elsewhere. It was a pleasure to meet you in person too. Best wishes.
Frankenflesh says "Hi boys" :)
to NTOG? Heard it all now, lol
Hi old friend...Haven't invested in anything for about 3 years now and admit that I've missed the great banter and feel of comradery this incredible forum used to have and to a lesser point, still has, although I wish for all your sakes that the share price would blast off again like it once did. Regular posting from about 6 of us attracted investors wanting to see what all the fuss was about, in turn producing more informed regular posters, making us by far..... the most lively and most fun forum on LSE. Good average btw and lots of room for upward movement. GL L1onheart
Another blast from the past.....your average is pretty close to where MAGP first started from.....GL
Well I never....SOS gone. I would never have believed it either mate. Hope you get some long overdue luck soon...ATB
Despite the years that have FLOWN by....you guys still have a long way to go, to get anywhere close to my number of posts..... most of which were posted on the this discussion board. Almost 17,000.......really? WOW! Maybe that's the ingredient that's missing as we had such a good group of regular posters 3 or 4 years ago.
Did I dream it or was this company sitting at 5p once upon a time? I really feel for the guys still in here that were invested back then. Haven't looked in for a long time, but for some reason felt the urge to take a peep at this once loved little company. I hope things improve soon Boak, Robsky, Bakoven, Guidedog7, MrEnglish, Barrelmaker and the rest of the old gang still invested. .......Chrisatron
I've been slowly going grey waiting for WSG to make me some dosh. Just recently did a quick trade with WRES. Don't know how you're going to improve the morale of your shipmates if you are feeding them on a diet of garlic lugworms. :)
BTW OMG WTF happened to share price? Last time I looked in here it was @7p. Same with NCT......can't believe it's @0115p. I remember selling out of them @2p.
Read the snippet from the latest share chat column to your left and INSTANTLY knew it was you. I know your writing style only too well, lol. :)
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50 / 50 IMO that this could drop to 2p....Like the market, I like my round numbers.... Only worth a trade IMO on the basis that the other well may not deliver.....Remember NEW? Too much risk for my appetite.
After the events of last week....I like bored. :)
You are taking on more risk these days mate. Until you bought into ROSE you never touched oilies....now you are all over them, lol.
Can anyone tell me how much cash these have left in the piggy bank?
as people flock into ROSE....creates value elsewhere, lol