Bigsmoke, I totally agree but then you know that - I've kept out of the way apart from trying to stop herman convincing everyone to bet the farm on ADVFN. Aska is a game changer if they can get it sorted before they run out of money - and get paid by Eneo/the crooked government.
Agree, as a race we spent $40 billion last year trying to find Oil that we'll never use.
And the end of the stone age didn't happen because we ran out of stone - we've now discovered more oil than we'll ever use - it's that simple. Long term it's fooked hence the Arab IPO that they need to shore things up, I'm not buying Reabold as a 2030 trade though.. It's a punt with some punt money..
my thoughts to dogger on 17th October when he first landed..
dogger this board isn't really the place for balanced financial advice, especially as we don't know your personal circumstances.
A couple things to consider though (pros and cons).
What will make you feel worse, keeping them and possibly losing more, or selling them and missing out on the possible upside that you thought you would get at outset. jimjam's 50:50 shouldn't be entirely excluded as a strategy.
Before you decide, are you likely to make capital gains elsewhere in your lifetime - Property/Shares ? If so you can crystalise a loss on Metro and carry it forward indefinitely. Be aware that you can't buy the same Shares back within 30 days if you want to use that loss..
Best advice though is once you've made your decision puff your chest out and don't look back, it will eat you up and take up too much of your downtime otherwise - learn from it, we've all been there. You learn nothing from the good days/trades, it just reinforces what you thought you knew before you get a few bad days..
I don't disagree Valhalla, but it's against the law to give financial advice unless you're regulated.
Also Fredasb1tch is a nasty piece of work and I took exception to the tone of his post - if you want to raise it with LSE then please do so. If dogger is lying then he has bigger problems to solve, if he's not then he shouldn't be trying to obtain advice on an open forum so I get that too. With very little information to go on I tried to give him some very sound guidance weeks ago - he didn't take it, so he compounds his own problems by doing nothing - and I am regulated to provide it before you ask..
FreidasBoss, the guy that seems to buy one share per year bestowing his wise words on someone who is possibly up against it.
What happens if it doubles on a rumour and then sells off again when it's found to have no substance - if he looks in a year he may miss one or two spikes ?! Plenty of other advice that you could give him but you probably aren't qualified - and unless you know for sure that he's lying you maybe ought to crack on with your ""one share per annum protect it at all costs punt"" and keep your opinions to yourself..!
I went long on 4 banks, lost a bit on the smallest which was Metro but did non d1ck measuringly well on the others. I'm not bitter, I continue to watch and will re-enter when I see a reason too - I just can't abide people like illbet who pretends to be something that they're not..
FWIW if I was buying shares in a company that was shorted as much as Metro, and there were paid trolls trying to create this much mischief I would be speaking to the FCA to see if this should be declared in the same way as the % that they're short - just a thought..