Beggers Belief3 Oct 2018 11:11
Many years ago I invested in a share, The price went down I invested at every call and in ISA's and with 2 Rights Issues. I stayed to the bitter end and it went bust, I lost in Excess of £60K, The share was in the same risk catagory as this but an IT share not an Oil Share.
I believe in 88 as I believed in the share that went bust, I am Curently £30K+ down but this time my tactics are different. I stopped topping up a long time ago. I invested in Blue Chip Dividend shares, so far ive made £20K but with a £30K 88e loss im still 10K down, I can live with that but I will not invest another penny in 88e
If I would have listened to the top up lemmings on here I would be another £20k down instead of £20k+ with Blue Chip investments.
I am not here to advise anyone my track record is not exactly Warren Buffet But I will not invest another penny in 88 shares not even if they were 0.1p Why you may ask?? I have 2.4 Million shares all in ISA's if the price is going up like most of us believe it will.. We will all get rich anyway I think most posters here have in excess of 1 Million shares
Now why would I spend good money on a rights Issue? Oh yes to get richer. I think 2.4 million shares will make me rich enough.
People here talk about buying more to get your average down... Do you realise the maths for that only work if the share price goes up. I had to go outside 88 to get 20K back.
Let DW and his cronies mop up the rights issue after all hes getting all the money from the DW bonus scheme
Right ive had my say. I honestly believe we have a chance of success but as I have said before time is not our friend
The rights issue proves that beyond reasonable doubt
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