Member Info for mogo

but not in KGI.Sorry I was thinking I was posting at KGI lol.

Each has his/her own attitudes,which are moulded by their share history.Mine was good for a time but the last few years very bad.I was in fact in the last chance saloon with shares so though it had a bit better this year I have to tend to act like a scalded cat on drops.Here I am more philosophical as I accept the judgement of itsaduster about KGI's future,but also as it's my last goldminer left-for now.The others had to go and it did pay me well.I've made good gains this year with OMI,AVM,and ABG,AR. but not here.Your rule about not trading AIM -well I'm not an AIM trader,I've kept shares years in the past often.As you see from my research here I do a lot of macro research and its paying off this year.I didn't have a bad day at the office as I couldn't afford to have one more.I'm quite serious.Hopefully this trend will continue for me.I said elsewhere on OMI that even £1 is a profit and never wrong to take one,many there watched a rise from 11p to 19p and back down this week and did nothing much to their loss at least this week..I reiterate gold shares have a future but not right now perhaps till tapering is sorted out.Figures do prove buy and hold has not been profitable generally in the markets since 1997 or so,in fact the markets have hit 3 highs to return to square one in that time.Some poor ones have made no money at all since 2000 due to their entry then and sticking in.In other human activities sticking in is a virtue but in shares no,you need to see where to get out and where to get in.Both needing to be very finely judged events.I read somewhere it isn't the gains it is the losses you avoid which decides how good an investor you will be....GL

get this in future but on a spike it appears need to wait till either it holds there,drops back or goes on rising.The big doubt is getting and paying off finance -the reports are quite vague about the terms/durations.You need to assume their plans are costed based on potential growth.Digital look says next year these will drop,though they have had several years of growth up to now.Maybe other bigger companies like EZJ and Ryanair might be safer ? Also Air Partner AIP..

There was an 18% or over investment here,but the name hidden behind an invrestment company...apparently there was a finance from somewhere of about £150m for planes on a Mcap presently about £46m... an expanding company which leases passenger planes to others in the Pacific area no doubt finance is needed.The OO was oversubscribed not a huge size it seems.GL

-one only of my list of 18 UK gold/silver producers is up.The VIX instability index is down over 4% to 13.82 lowest since July/August before those Syrian shenanigans.US 10 year bonds are down a bit to 2.89%..for gold you need a crisis and whether correct the market isn't seeing one with tapering to perhaps begin in a small way next week..whether they are correct we will see,as per the fiscal cliff in mid October but of course they write all the rules..GL

I'll try to explain the thought processes.Go back over a day to 11p here. First there's a group who won't be selling in this rise from 11p to 19p using rough figures,so ignore them.Also ignore for this the MM's who yes do manipulate.But ignore them too. 1. SP of OMI was rising from 11p upwards.Holders who want to sell are watching the price and see nicer profits appearing on the screen conflicting with greed for more.As the SP rises the fear of losing rises and the potential fun of getting a profit begins to win,as soon as a sell is made the fear goes.Of course too late for those who sold. 2.Meanwhile nonholders are getting in,they've had little time to do research they must jump in as the SP rises their potential gains are less of course.Their fear is of not getting in and losing profits.Some of them having got in will sell but many won't want to get out just having got in so these are about to be trapped by a fall because of-- 3. now many of the old holders seeing nice things onscreen are selling.It is now a fight between larecomers getting in and old holders rushing to get out. 4. meanwhile those who don't intend to sell long term are looking at missing out on big profits at least short term as the SP falls back.Some newcomers are now trapped at higher SP's for now at least. None of this is against OMI specifically,its the story of all shares and the pressures they bring on investors and noninvestors alike. By writing this I'm making myself the victim of feeling rotten as a nonholder of the next OMI rise! Lol.But that's your shareholding life too..

I said a good tactic had been to sell OMI above 19p then re buy about 15p,however events are drifting further.Incidentally I sold far too early the other day,not claiming any 2nd sight.It is also easy being wise after the event.With AIM the last few months though it seems selling on the news is the best policy.Few shares have sustained long rises,profit taking tends to dominate.It is still never wrong to sell on even a £1 profit,if you did that all the time you couldn't be too bad off.Anyway an article on Kitco yesterday said the first strong support for several reasons was $1350-now it is below that.the support has gone.I reckon holders should be now down to the goldmining holdings they want long term having sold all the rest.It is not prudent to be too deep in gold shares going into the likely first tapering.Bond yields watch those,that will tell tale of the strain on the economy without part of its support,now.Gold is always ready for the next crisis so agaIn it should be a part of your holdings but not too much.GL

amusing hahaha!

the best in hindsight-something we never have-was to exit yesterday at above19p then in your ISA wait to re enter-not quite yet I'd say..maybe 15p ? The 2 sets of dealing costs will be well covered..GL no disrespect to a great share..

are CNG ? Yes when you begin to lose staff,it can be a sign that decks getting cleared for a T/O in which case responsibilities go to the incoming company.Generally spreaking looks like gold is due a temporary back seat,temporary as things are far from perfect...yes buying in could be a chance if the "price is right"-sorry saw a clip of Brucie the other night,what an awful prog. that was lol GL

price is right

are CNG ? Yes when you begin to lose staff,it can be a sign that decks getting cleared for a T/O in which case responsibilities go to the incoming company.Generally spreaking looks like gold is due a temporary back seat,temporary as things are far from perfect...yes buying in could be a chance if the "price is righ"-sorry saw a clip of Brucie the other night,what an awful prog. that was lol GL

what are these "burst bubbles" ? I can't tip those you need to keep reading the FT of course..lol..

Hi again m8! I too have recovered positions quite well in gold- and now other things as gold appears to be due a slight holiday though it will never go off the register..yes I did cash in most goldminers helped by OMI yesterday..best article I read was that Eastern investors buy gold on lower prices but Western ones sell then,we should copy that..However -as I said elsewhere- I had a flash of inspiration after reading the FT one day -free in the library lol. They tipped some "burst bubblles" to invest in,Buffett wasn't mentioned but I see now that's the secret of what he does..of course need to avoid choosing bankruptcy candidates...there are ways of doing that-invest in indexes/funds etc. GL

I was too hasty selling here yesterday but the idea was correct to take profits,yes OMI should settle higher than the recent base and a v. good company as the results show.You can see gold sentiment generally not so good,yesterday OMI was one of the few stars..of my 18 UK producers today only two are up ! Of course gold will never be finished,it should be there for "insurance" for the next crisis.Which might be the fiscal cliff in October or even the failure of tapering.Meanwhile most goldminers should produce better Q3 results after cost cutting.GL

Has broken the support around 250p-275p,next stop to challenge the 220p area of next support ? Back to me being 1/3 down or more ? ..GL

Yes gold-some- should be in portfolios for "insurance",it might be about to take a back seat for a bit but it should always come back at the next crisis.The FTSE100-is going down ! Many goldminers haver recognised the new all-in costs are too high so have been cost cutting and Q3 results should be better,impairments done, and profits might be up even if gold isn't better..there might be a relaxation of tension now but fiscal cliffs-mid October- and the unsure feelings about of a weak recovery after a small QE cut -part time jobs,people apart from speculators unable to afford higher house prices,the threat of sub prime again with govts. subsidizing mortgages.Watch the 10 year bond rates a good guide to that.And the VIX too though if it falls too much it shows overmuch confidence.In life as in business feeling too cocky often leads to a downfall..GL

you forget to include that LRL is worth 10p on cash alone.."

Exactly might happen on good news as OMI is getting now..GL

told you the best way is to buy when I sell lol.Anyway possibly timing here is great,of 18 gold/silver UK producers I track,4 are up 3 steady and 11 down today,so OMI stands out in an otherwise dull landscape.