RE: Horse racing Tips10 Sep 2015 09:40
Good morning Harry and Knigelk.wrn. My contact is adamant to stick with it,but of course there is no harm in crytalising paper profits along the way and I am very glad I did that. I am a great believer in setting targets placing stop limits, both profit or loss, to take the emotion out of decision making. Fitbug is a classic example. I set my stop loss at 3.9 which proved correct in the context of today's price.Better to take a loss and use the proceeds to buy back in later if one still has faith in the share at a lower price. Usually end up with more shares than originally held for effectively the same cost as the original investment without having to plough more money into the share. Beats averaging down which entails putting even more money into what could turn out to be a damp squid. Back to WRN. I was holding some shares for my informant as he initially had trouble registering with interactive investor and eventually ended up with HL. In the debacle of the oil and gas deal the share price became very volatile so I sold everything presently held including his at about £1.50ish only to be admonished severely and told to get back in as the expectations then were £5. That's when I got whipsawed, spread had widened to 20p and could only deal over the telephone and in any event my computer was playing up. In hindsight I made the right decision and for myself made repurchases at £1.16 and 87p on the way down albeit small amounts in comparison, then it got suspended so could not buy anymore. There are a hell of a lot of disgruntled investors on the wrn board so will be a lot of sellers just to get their money back. A bit similar to fitbug so there will be upsides and dowwnsides. I intend to buy the dips and sell the peaks using the 9 exponental moving average and 20 simple moving average as a guide in addition to setting staggered profit limits at £4.99, £9.99,£14.99 and £19.99 subject to monitoring and possible amendment if considered necessary. I have also placed 90 day £1k buy orders at prices 58p, 78p, 87p £1.07, £1.70 and £2 in order to try and obtain more shares. Can't give you a date for relisting as the schedule of planned announcements did not include it and previous schedules have not been adhered to. I have a facility on Money am to be alerted to rsn's but there is a time lag. However their live rsn page lists all rsn's on a minute by minute basis.WRN is another reason for temporarily knocking the horses on the head as I would not be able to monitor SDS and it at the same time. GL with today's racing. SDS does not seem to have much luck at big meetings but Detorri does. I was tempted to do his 8/1 winner Bashsomething or other but did not as clearing the desks so I am able to monitor WRN during 8 am to 4.30 pm should it be relisted in the week commencing after the 18 September.BTW WRN is not AIM but main listing All the best.
Sign In
Follow the stocks
