Bonz195717 Jan 2012 16:01
LOL Bonz - your post actually does illustrate that no matter how we try, we tend to be a bit partisan about the shares we are holding. However, I thought with the benefit of hindsight you could have found me a share that has risen steadily to drive home your point. That's the trouble with selling at a loss, you can move to something else that tanks too and compound your losses and you really can't blame somebody for choosing to average down if they get within a hair's breadth of breakeven. Remember too that people will opt for shares for different reasons. Some seek divis, some capital growth and some because they like what a company does. BT gave me poor service and I complained to the Ombudsman. They used underhand tactics to get me to switch from their anytime to evenings and weekends package, costing me a fortune. If the company does that to pensioners and other vulnerable groups then I have no intentions of investing in a company like that no matter what kind of profits they make or personal gain I can make. The line and internet were down quite often too. These bbs are of limited value as you know. There was one poster on the tesco board saying it would be £3.40 today and Buffet was about to wade in and there was a poster on jjb saying it was going bust last night or today.
Coming back to Thorntons, well I do get a bit curious when the likes of Hendersons wade in heavily like they did yesterday but I honestly don't know if I see many opportunities to swing trade this share to get my breakeven down. The spread is usually wide. Maybe a case of cutting my losses here like I did at Cable and Wireless as I don't have too much invested. At least, it looks like I made the right decision to swop my EO for pmo shares but it is only with the benefit of hindsight that I can truly say that. No chocs yet from the survey people but I got several emails within seconds of completion from other companies which had obtained my details from the surveyors.
The anniversay of my dad's death today - a Tuesday too so away to make a warming pot of Scotch broth. ATB