I need to have some stocks that are long term and some short term - i can go for the outright risky approach. I stuck my money in banks, insurance and car retailers last year - simply cos they got hammered in the recession - and on the whole they are doing ok for me. On shorter tern front i dont really go by sectors - just an individual stock. Good day overall so i can go home happy. GLA.
Does anyone have them too? Went into Legal and Old Mutal at about the same time last year. I also think OML are good long term. Anyone know anything about them?
No probs Griffo. Sounds like you are happy with that gain so good on you. some ppl are in the for short term, some long. Its all good. Im in for the long so will hang on in there...
Good call. I only got in at mid 40s. Still a good rise that I am more than happy with. Yes, 100 may be hard, but I agree that all the signs are good. It should be good news if any takeover happens or not.
The results show what a good little set up they have. Divi is good too. Almost back to 2008 levels. That should help it kick on. There has been lots of talk about legal being ready for a better placed stronger rival to come and snap it up too over the past year. That didnt happen - yet! All in all i think 100p should be on. What do u think? Are u a holder?
When this baby gets above 30 it will continue to tick up. Not saying that it will happen on monday etc. I dont know when, but it will. Long term this is a good one - well thats what i think.
We are here for the long run. We know a good thing when we see it. To be honest, i dont check INCH sp as much as others since i know it will tick up over time and I dont need to monitor it like some other stocks I have!
NOW: You have 100 shares each worth 28p. Holding = 2800p. AFTER:you have 10 shares (90 are lost as part of the consoldatiotion) and the SP is now £2.80 (SP rasied in the consolidation) Holding = 2800p. i.e no change.
Im not sure why they are so i cant really comment.
Day traders will dabble in penny shares since they are more likely to give big swings in a matter of days. Something costing 1p can easily double upto 2p in a week. Something costing 500p will not go upto 1000p in a week. The same prionciple will apply to inch. Im not saying it wont go up or down are the consolidation. i am saving the swings on a daily basis wont be as big as a percentage. That is why it will not be great for the day traders.
is right. If the sp is around 20p you will often see it swing 1p a day which is 5%. If the sp goes up to 200p then a 5% swing will mean u need a change of 10p and this will not happen as easily. With the higher sp it will become less volatile