The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Probably go back where started by the weekend...pity. Some lucky guys traded it as they should...against some unnamed member who was adamant about saying, "Don't day trade this share", a few days ago. Well, they were the guys who made the cash when some got spike on anticipation of a continuation of the rise. What goes up.....but I still reckon MXO as it is, is best to be day traded or a few days traded until tangible FACTS are released later on! imo. GL all.
Tree Sheikh!
I said that three years or so ago when it was over 3p, and so it was...for a short while. Maybe it will be again, we just don't want a repetition of the last few years where it remained one of the worst ever shares I/we have owned!
WAIT & SEE!
Lightly eh? My loss was £6k with no chance of getting it back. Seeing Landau 'Strung up', if he ever is, is still not enough. He needs to pay me back somehow. Fat chance?
Those who "Buy and hold" on your say so, may have bought at 0.23p. Let's suppose it all goes quiet for the next couple of months and drops to 0.16p and stays put, then goes back to where it is now. They lose the MMs commission...TWICE if they sell, whereby if they bought at 0.16p and Traded it quickly over a day or two, they would be in profit by now. Day trades can pay well if the spread isn't silly?
One thing I have learned overtime on the AIM is to never ever believe what your are told on any Forum. It rarely happens. It's down to the feeling of the individual at the time of the transaction and their gut feel against research. Their money, their choice. If they win, good show, if they lose, well, better luck next time. Some folks are blinkered by hype and not facts. Nobody knows where this will be in two weeks time, so a quick trade could be a good idea if you know the ropes. In two weeks, It could be double what it is now or drop by 25%....NOBODY knows. DYOR and work it out from there.
Bye.
..but not from me.
Totally wrong, sonny. Been at this game for 15 years and trading a relatively dormant share on dips and troughs IS the only way to make money. Ask any LTH here, which is why L2 is so popular, so whilst the Bookies always win, Day traders stand to make far more on many shares on the AIM than LTH on this one and many others..
All you need to do is LOOK at the graph, so it rather quashes your idea about Trading this one as Tosh!!! I don't spread bet either. As mentioned, Traders over the last few days have done better than the Long Termers, many who are 'locked in' at higher prices and supporting losses.
I have made 10K on Auction sites for an outlay of 3K inside 8 weeks, so in fact, it's quicker money and without any significant risk if you know how to buy and what. . RESULT, so there.
Is NOT a Mugs game if you know how to play the game, It's where the money is. On a share such as this, the Mugs are the LTH, including myself where in 5 years there was almost NO Money to be made, except once depending at what price you bought in at?
There are a lot of 'mugs' here, and right across the AIM. Day Trading is fine, just look at the last few days. I'm sure there are many Mugs out there smiling and collecting their winnings?!!! pmsl.
It'll run out of steam soon, then retrace...it always does. Trading MXO is the best way to make money. Not one for LTH's but if it were, it will need to rise by another 400% + Not saying it won't but it needs to keep going for a long time yet at a steady rate. I know of no shares that have gained ground for this long without diving into the Red, so maybe a 1p Price in a month or so may be possible?
Seems to be a question mark hanging over the Sheike Ahmed Bin watsit. We'll see what he does in 6 months, then find out if he's a good egg or a bad one?!
They will go private in the fullness of time. I have seen this happen several times of 15 years. It won't be for some long while yet, but I will give it two years at a guess. Between times, I want to see this share upward of 3p if that's likely?
If this could this be another RKH, if so, everyone's big winner! If you recall, RKH went from almost nothing to many multiples of its price when they struck oil. Isn't this similar, of sorts?
Our 0.16 could potentially become 5p again if it's as good as it appears it could be. Still not counting Chickens just yet!
2.7p :((( No, or very remote chance of getting anything back. Stuffed.
it seems that this is once again 'the best share on the AIM' at present. LTH will recall that was said about 3-4 years ago, so we can reinstate that comment for the time being. Nice!
Today wasn't hopeless, matey. It's just unfortunate we bought in at the wrong time, but who's to know. 218% was incredible given past times, think how many people did well out of it. Activeblue: Yes, correct he's negative but then again it's not surprising seeing how many people have been bitten by the AIM over time. I have, but I've also done very well on past shares. There's been a lot of Neg comments here over many months with SO's Salary and the poor performance, so you can't blame people for voicing their opinion?
Today is nothing to be negative about, but I think it's fair to say that scepticism is always nearby. With the performance today, it's looking good. Being Neg. at this stage isn't quite the way forward, but if it tanks tomorrow, you can say, "I told you so"! I will keep an open mind for the next few weeks/months to give it a chance for things to go in the right direction. It's not going to all happen over night but snippets of regular news will keep pushing it forward, we hope?
Ha! Thankyou. Eggs and chickens spring to mind. I like what I see but it's going to have to go much further before it hits 2.7p, but if it gets to 2p, I will get some of it back, but unsure how much impetus this holds. It all looks very rosy, but I think those who afford the risk of avering way done, good on you guys.
Looking back to the 5p we had a few years ago based on almost nothing, there are vastly more shares in issue now than back then. I have no idea where this will end up, but talk of Multi-bags was true for some, then there's the mention of an RTO and Pumps, so I wouldn't dare predict much more than my last post about it cranking up, then going private, although it could be a long time before that happens, if it does?
Anyone even dare guess at a Pence price above 1p or perhaps best not to tempt providence. At the current rate, it's still got a long way to go before it even gets to half a Penny. Tomorrow could see a continuation of today, but....we'll see?
Ebay did it for me over the last ten days where I made some serious money for once, so I could afford two weeks off...but I won't. Have to keep plugging away and work hard! 10-8pm most nights. Cheers!
A similar thing thing happened with Matra OIl when Maxxim Barsky (or hower you spell it) A Russian. Not long after, the company was suspended and it went private and we were all issued with a Certificate. I still have mine and the share became 'Worthless' against the cost of cashing them in.
IMO, MXO isn't going anywhere. SO will though, cease to be CEO, he will be paid off one day and trading on the AIM will stop. In the back of my mind, this was always going to happen sooner or later and the share price will undulate at a small fraction of a Penny once in the private hands of 'Shake your money'. Give it time and I bet I'm right. maybe a year?
The only time I'd invest in MXO would be if someone gave me a few quid, but even then, it would be to trade rather than LTH. MXO may not be dead in the water, but for the LTH, it's not far off. The occasional rise will happen as will large dips. So Shakey Matey with all his cash, won't be bothered with the AIM and it's Fees.
There are only a handful of people that will significantly benefit and that's that Olivier bloke and a few top nobs. Many little Oilers go down this route, establish themselves with a kind and loving, friendly CEO, then once the cash is in, it's rather like going out on a date, 'Making hay' and being nice to someone, then once the evening's through, it's good grief, must have left the gas on', will phone you, and that's it....GONE...'Speed 'o Light'!
If I won the lottery I would say stuff this share and stuff Olivier. You could wash your hands of the whole thing, the AIM and that goes with it!! Why pay MM's with a risky share like this. It IS too risky, the last three years hasn't earned many people that much, and I don't trust our CEO these days either, They're all tarred with the same brush!
If anyone thinks he's any good, he needs to prove it. Just think of Pemex JV, GEO, Those juicy Blocks a long while ago, the sell off, the Nigerian Debacle and a poxy SP into the bargain :( I'm awaiting my 2.7p and I'm getting older like tooldforthat. At least I have my Pension now which all helps? :)
(Jeremy Hunt has a modest bet from me for the next PM in case anyone cares for a flutter as to whom it may be. NOT G'teed though, any more than a good Brexshit deal).
I have emailed the address provided on this Forum, so I will await a reply?
Thanks
Landau had his assets frozen at least three years ago, maybe more. Not sure what good the e-mail address will be if you can't get your money back through that Weezle Landau's Fraudulent actions. That guys should spend a minimum of 7 years in the Nick with no parole?
He IS Shifty, craftier than a Wagon load of Monkeys, hence we nicknamed him 'The Spiv'. If you recall, just before he left, he took a shed load of Money as a 'bye bye and thankyou' handshake!. I think that also, a load of money came into the company anyway, just before he went. What a coincidence?!!