Member Info for mogo

I used to see this as rising endlessly,but now we have inflation and soon unemployment in UK.People will just give up fripperies like new clothes.Yes if this goes right down again it would be attractive.While it is above 600p maybe taking profits is best.It is still a good company which I believe will prosper in the long run.

I am in the same boat with other shares.I could average them down but it uses up valuable cash I might need soon.Ideally it is nicer to get in low in a share you don't have rather than fighting to hold up one you do have.But it's been really bad today.Few will be doing well,so you haven't lost ground compared to others.We are all poorer today.

This can be often a very chageable share.Off the chart,I'd say the next support level is above 200p.A big drop to there though.

Dummy buy WTN gave 301p there live price.Bad drop,keep on sidelines really now best plan.

in Eastern markets now.Maybe best to stay in cash,will be bargains out there soon...

I expect to go in here hopefully tomorrow, barring upsets. A website http://frontierindia.net/ea says China is closing illegal unsafe coal mines production steady but needs an 8% a year coking coal production rise can only manage about 4% itself,foreign coal prices to rise 50% from last year.Minuses-I got WTN last time at 278p so a bit high now really though it is growing doubt if it will fall that far again with these prices going up.I will put in a small bit now,if it falls I will prepare to average it down by adding double to it.In the past that worked mostly, unless unlucky.Yes it is a bit high still but Yahoo says it rose 7% today so I think it can't fall much further at least maybe (???).As I said,hopefully it should bet back up into the 450p range but above that who knows ? In the past as I said it used to have big swings so might be a series of these.Provided you get in at the best prices that is good.Reply if poss.please.Another big prob. is the Chinese banks need shocks every few months as we have seen twice this year which pulls back commodities so you might get stuck in this for a while,hope not....

Well I now have some cash lol! Though I must be very careful with it.I see WTN has dropped from 450p to 318p having put in a rise recently.The China coal situation will need research.That will decide the future.Will China pay the vastly increased foreign prices ? They have their own coal too,and are trying to increase supply.You are competing with inland rail traffic by shipping across the Pacific from Canada.WTN when I had it a few years ago found difficulty getting above about 550p so we are talking about can we get from 318p to that area (????)

low spread here.Anyone know anything ?

Thank for mentioning me,isay.Well, I am a long term Holder of AFE -post there every day lol to bore everyone! Also like MNR....

hi tomo still looking at this,will be back tho not much cash now lol!

well this one always did worry me even when getting good profits,so I feel I sold it just at the correct time.I remembered the last time when I got in too late then lost a packet several years ago.It will be back up though,the coal/China boom is only temporarily stalled and WTN is one of the top exporters there.Yes this price now might be a good entry point.Unfortunately no capital now,all tied up but if/when I get some will hope to be back in here...

be back...

I am "a penitent sinner" lol.Did someone important say that yesterday ?..anyway just sold all my ASC,as I needed the cash badly for another profitable deal.Will return here ASAP.G/L but you won't need luck in here..

Decided today to sell WTN,with profits on about 30%.This has been a very good share,I just needed the money elsewhere,I might return fairly soon.

FTSE down due to Greece and ex-dividends day.Great that ASC is down near 600p,it will stop people wondering if it is overblown and get more in here lol!

Note on Kitco-WTN is expanding operations and reopening Willow Creek mine.

in paper,new way of selling clothes onscreen-3D imaging,will increase sales for companies with investment.

I'll never have anywhere near Buffets' skils and results but it is great to have a Guru to follow.Here we just scratch about trying to make a £1 here and there.But in fact "doing nothing is an important investment decision"(quote from Buffet).It pains me to see in my records the inumerable times I sold things later to rise in my absence.Impatience that is the/my problem.It was taught to us as children when we first found we could cahnge TV channels with a switch.And now with a controller get 50+ channels,none of which we stay with..same with shares.

Sorry to say this m8, but what you are doing is to isolate bad news and highlight it.Both myself and tomo have said we don't mind a lowering of the SP.In fact we welcome it as a chance for ourselves or others to get more.I remind you of the heading to Chapter 20 of my book,which you might get "How Buffet does it" by Pardoe.The title of Ch.20 is "be fearful when others are greedy and greedy when others are fearful".We are happy at seeing our share falling.Since our research tells us it is a very good share.Chapter 6 is "look for a company which is a franchise".Chapter 10,don't look at the ticker" etc etc.Now as to lack of upgrades,we were told just a week ago that sales were up a third,with foreign more.Is that share acceleration ? You decide.14 brokers,9 say buy.Increased competition.A whole world to sell to.Not all the competitors are selling to the world...

just seen on a site about Berkshire Hathaway the vehicle of Warren Buffet the average p/e was about 18. Is 19 now.They say that the real value of B/H is underestimated.p/e was at one time regarded as a measure of how highly valued a company was by the market e.g back in about the 1999/2000 period, the then hugely profitable VOD always had high p/e values.I know,I made good money from it then...