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Trading
12-Apr-07 08:50 PM
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Hello King (Grim). It's been a good day for me and hope it has for you. Small increase for FTC but still moving in the right direction. Bet it'll jump soon. lol. JSP just consolidating at the moment, ready for the next push! Can't see that moving back down just yet. Still a big turnover so still a lot of buyers out there. Bit disappointed in IOT but certain that'll be moving soon. Bought into some miners today and held for tomorrow. Could have cashed in at the end but looking for a big payday tomorrow. Miners are great at this time of year. The Chinese are going mad for metals. Surprised our market didn't get hit today but it looks good for tomorrow. That's the thing about being a trader. There's so many twists, turns and surprises. It's great! Always a rollercoaster. Don't know if you do a bit of day trading or you are a medium to long term investor. Hope you did well out of today however you trade.
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Re: Trading
12-Apr-07 10:55 PM
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Hi again Moonfleet
Showing a small profit over-all on recent purchases, & it feels good. Usually, I am more medium to long term (LLOY,SEO,VOD), but adopted a quicker strategy at various times (Fortune Oil,Meridian Petroleum,PRTY, bloody Medisys) as with the shares bought in the last couple of days (FTC,JSP,IOT). My wife is accusing me of being an ambulance chaser with a portfolio, in a nice way, but she love it if the mortgage gets paid off quicker.
Well done on your miners, a good call on VED & ANTO, you certainly seem to thrive on the adrenalin rush of day trading. I have a lot of respect for your method & knowledge. An enjoyable day for us both, & hopefully more in store tomorrow. Keep checking for the signs of correction though, it looms large on all our horizon's
My punts for the National if you are into it ...Longshanks, Cloudy Bays - no research whatsover, just hopefully the gift of gut instinct. More probably a tenner down the pan
Speak again soon & best regards
Grim
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Re: Trading
12-Apr-07 11:24 PM
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He, he. I'll have a look at those horses. Like a flutter now and then. You're up late. I usually have a little chat with the Aussie blokes on a Thursday night. I don't work on Friday's (or Monday's) so I like to see how things start off over there. They usually keep me informed of metal prices in China for when I get up in the morning. Helps me decide how things are going to go with the miners. 9 times out of 10 our miners follow theirs! I went part time in September last year. 49 year old and want to retire when I'm 50 to do this full time!! I do this at work most of the day but sometimes work gets in the way! lol. Do you work or is this what you do full time?
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Re: Trading
13-Apr-07 08:26 AM
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Hello Grim - The markets started well today but I don't know if this is going to hold. Metals were down last night so sold my ved shares from yesterday. Nice little profit there. Was expecting better from them today. May buy back later for a good rise on Monday. Got back into CSR late yesterday. Good little rise today. See how that goes. Wish I'd kept my GSK shares! Sold them on Wed and 2 excellent rises yesterday and today!!! he,he. Good luck today. Go, go FTC.
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Re: Trading
13-Apr-07 09:35 AM
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Hi Moonfleet
Hoping for at least one purchase to take off today, I am the eternal optimist, but we'll see. Lloyds is so flat, I am slightly concerned about how bored I'm getting with that share.
Wish I did this for a living, the day job is getting in the way of it all today. Got to keep the bills paid though.
SEO going well today, perhaps a quicker return than we thought, up 6.67% 9:14am
Are you still worried about this correction business?
Happy Hunting as always
Grim
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Re: Trading
13-Apr-07 10:08 AM
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Jeez Grim. SEO up 14%. Excellent pick that one. Will you cash in or just hold? Looking good whatever you do. It all looks a bit flat today. Made my profits for today earlier so just looking around at the moment. Should have sold CSR for a little profit but missed the opportunity now. That looks a good one for next week hopefully. Yes, I'm keeping one eye on a correction, as is most people I know. The funds are awash with money at the moment but they aren't using it. They've got one eye on a correction as well. I think it may well come from China again. Their markets are running away yet again and there's going to be a big drop sometime soon there. It'll be bigger than before when it does happen!! I've got most of my money as cash at the moment and am just going in on buying opportunities. Have you seen any other good shares around or heard anything about anything?
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Re: Trading
13-Apr-07 10:50 AM
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Hi Moonfleet
Cashed in SEO, & well happy. I am still going to monitor this one, & see about getting back in on any drop. I've not got anything else on the boil at the moment. Did you get a whiff of Galleon Holdings (GON) ? It wasn't even on my radar, but a player here is claiming bragging rights AFTER the event. No damn good to us now even if he is true.
I'll keep my ear to the grindstone for anything else. Are you still in WLW or have you got out of that?
Regards
Grim
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Re: Trading
13-Apr-07 11:16 AM
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Glad to see you took your profits Grim. Good score that one. Yes, I'm still in WLW. Nice increase today. Up to 31.25, live price. Something going on there. lol. GON looks tasty. Worth a closer look at that one. I'm waiting for CSR to go a bit higher, just to bail out with some profits. Noticed my BP are flying today. Will be cashing in there soon as well!! lol. I've got some duff shares as well from old. ACM, ABA. Been caught in the past with them. Tend to sell up at the end of the tax year. Did GCAP recently. Right duffer that one was. lol.
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Re: Trading
13-Apr-07 11:19 AM
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Glad to see you took your profits Grim. Good score that one. Yes, I'm still in WLW. Nice increase today. Up to 31.25, live price. Something going on there. lol. GON looks tasty. Worth a closer look at that one. I'm waiting for CSR to go a bit higher, just to bail out with some profits. Noticed my BP are flying today. Will be cashing in there soon as well!! lol. I've got some duff shares as well from old. ACM, ABA. Been caught in the past with them. Tend to sell up at the end of the tax year. Did GCAP recently. Right duffer that one was. lol.
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Re: Trading
13-Apr-07 11:36 AM
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How did that happen. lol. Two messages for the price of one! WLW is really on the march today. Wouldn't be surprised to see it end up at 32p at the end of the day. May be worth getting on for the ride. Jump off at 36p. lol
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Re: Trading
20-Jun-07 09:01 AM
Re: Trading
20-Jun-07 10:06 AM
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Hi Moonfleet - You don't have to say sorry to MP2 really, becuase he has stated buy on Lloyds for the wrong reasons. It has gone up today on a rumour of being taken over by Societe Generale. Lloyds have been linked to take-over so many times over the years, so let's see if this is any different.
Good to see your major shares are looking positive. Looks like your wish of selling up before you go may just come true.
I don't mean to sound dismissive of £40,000 by the way, it is just that if you don't find work for a few months, it soon goes. Over here, you still have to fund your state pension on employees & employers sides (about £450 per month) otherwise you pension is automatically reduced, plus clear your income tax from the previous year, which would have been directly taken out of your monthly pay. My mortgage is £1350 per month, so that payment will soon go. However, if I get a job quickly, it is a tax free lottery win in effect, & could set us up for life. Even if I got a job sweeping the roads we'd be fine, only I'd have to make sure I took my lap-top to do my trading lol. Clean up in every way!
All the best
GRim
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Re: Trading
20-Jun-07 02:38 PM
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Bad move with NRK Grim. Should have sold for a little profit this morning but thought it would go higher. Well down now but I'll hold them for now. At least for the next 2 days. lol. At least GSK has come back. I noticed one broker had a price on it of 2330!!! Wouldn't mind 1330 at the moment. And just look at the miners! I daren't touch them. Looking at the charts for last year VED went from a high of 1765 on 10/05 down to a low of 1115 on 22/05!! That's just too much of a risk for me Grim. Our MRP are doing nothing today as are the rest of my smaller shares! NXT is down again I see as well Grim. We must be the Jonah's of the stock world. lol
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Re: Trading
20-Jun-07 06:15 PM
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Hi Moonfleet - this is spooky. Here is an extract of a post I put on Lloyds 20.4.07
"I got hit hard today on all fronts (Jessops, Isoft, Galleon Holdings, selling LLoyds) so I need all the help I can get. Still think Stanelco (SEO) is a great buy for the future, though perhaps I am the Jonah of the FTSE"
& its got worse since then on the SEO front lol. After your post today, I am beginning to believe I was right. I wouldn't class you as a Jonah, as your results for the year speak for themselves. Unfortunately mine do as well lol.
A lot of banks were hit by the release of the BofE news release on the vote for the interest rates. Now that that piece of news has gone, perhaps NRK will move into positive territory tomorrow. GSK still finished higher, despite having a lawsuit thrown at it, so that must be encouraging for you.
Right, I've got to somehow answer all my fanmail on the Lloyds Board lol. Please feel free to help me out in the debate, as I am not sure where I'm going with it re Societe Generale takeover. I don't want to be too pessimistic on top of my earlier posting on the correction. Being the Jonah of shares is one thing, but the Prophet of Doom? It doesn't sit comfortably with me
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Re: Trading
20-Jun-07 08:52 PM
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He, he Grim. That must have been where I've got that saying from. I must have read your post at some point and it stuck in the dark recesses of my brain!!!lol. You're right with what you say though. There's no way I should be complaining. I'm 50% towards my 3rd and toughest target for the year and I'm only 9 weeks into the year! If I sold up all my duff shares, it would wipe quite a bit of that out though! That's where the Jonah bit comes in. lol. Still, we all have bad spells and I've had them before and will have them again. The Lloyds boards have some good views on them and I like the way people don't get uptight if someone thinks something different. You can't say that about all the boards! I really think we are in for the long run with MRP and DEMG. My VML as well. They are basically good shares but the sort you have to buy and tuck away in the bottom drawer. I may even take them off my watch list and just forget about them!! Can't say that about JSP, PRTY etc. lol. They have to be watched like hawks. any big downturn or any little profit and they're going the journey!! Anyway, good luck with your Lloyds messages and any trouble and I'll back you up. As myself and not weirdo. lol.
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Re: Trading
20-Jun-07 11:40 PM
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Hi Moonfleet - thanks for the offer of moral support, I don't mind if it is you or Weirdo lol. You're right, they are a good lot on that board (with the one exception) which is why I am trying to warn them regarding the correction etc.
Consider DEMG, MRP & VML locked away now. Out of sight, out of mind, & one day in the future, on a wave of nostalgia, that bottom drawer will be opened. We'll either get a lovely surprise, or they'll just have gone mouldy lol.
Good luck in all your trading tomorrow Moonfleet. I've got to go & get some kip now. I'll speak to you tomorrow once the coffee has kicked in, the digestives dunked & the cobwebs shaken off
All the best
Grim
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Re: Trading
21-Jun-07 09:38 AM
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Hello Grim - not a good start today on my NRK or GSK! I've started y pruning as well. Taken my loss on JSP. I think it will be the best price I could get for a while but of course will be wrong. lol. Took 19.5p for them! Not too bad a loss overall as I'd already took a profit before from 15p up to 23p. Could have been a lot worse. PRTY and LNG are next on my hit list, followed closely by WLW!! Yes, the shares mentioned by you are now out of sight. I can't even remember what they are now. Like you say, out of sight, out of mind. lol. I really think they will come good in the future though, so I'm happy with them. Hope the weather is better for you now. At least you will be able to sit outsid and get some fresh ail. No walking though!!!
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Re: Trading
21-Jun-07 10:57 AM
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Hi Moonfleet - Well done on getting out of JSP at that price. At this point, my usual resolve is to swear that I will never look at the SP again, only to weaken, take a sneak peek in the future & curse lol.
As I write, your NRK & GSK are only 11p down, so not too much to be concenred about. As we've seen loads of times, shares can turn hese sort of dropss around very quickly. That is why I am not worried about NXT at present. WLW & LNG however are a different kettle of fish. Have you put a bottom figure on these?
Did you see the Dow took a bit of a hit last night? I presume our FTSE is now just marking time until 14:00 to see which way Wall Street is going to turn.
All this enforeced rest & relaxtion is now starting to have exactly the opposite effect. I am now an expert on Solitaire, Hearts & Free Cell ( How sad is that?) & need to break out. So, I am now looking to taking up hopping as a hobby. Made a right mess of fetching my coffee & biscuits earlier. As for dunking, the digestives were just a soggy mass at the bottom of the cup. Best I wait till I get sat back down in future lol.
All the best
Grim
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Re: Trading
16-Aug-07 08:02 AM
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Forgot Grim - Yes, a good result for Portsmouth last night. Man U are chucking the title away all ready! It's all doom and gloom! lol. Did you watch them against Reading at the weekend. Talk about one sided. If that's how it's going to be for the season, they might as well give up!! lolol.
Moon
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Re: Trading
16-Aug-07 09:25 AM
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Hi Moon - Good result for Man Utd, they've lost 4 of last 5 at fortress Fratton.
I am putting on a sell on yesterday's NRK @ 7.00 more in hope than expectation.
£300 found here as well, so that's a positive.
Very best of luck Moon, we're both going to need it
Regards
Grim
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Re: Trading
16-Aug-07 10:34 AM
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It's madness out there, Grim, complete madness. Stuff the trading, I'm an investor now. Sit back and let it all happen over the next few weeks. I'm not even going to mention what's a good price. They all are. lol Now where's me coffee and sandwich!!! lolol.
Glad to hear the £300 was found. Could have been very nasty that.
Moon
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Re: Trading
16-Aug-07 11:34 AM
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Hi Moon - Coffee & sandwiches is about the only refuge now. I too am just a watcher rather than a trader. It is too much. I did turn chicken on NRK however, & sold that lost batch for a little loss. I have got too much already invested in that one to risk anymore on a long term hold. The rest are all holds now. i will just sit for the next 25 years, taking dividends, until they come into profit.
All down to the electronic trading age, which was supposed to provide more protection against these wild swings ironically. To think there was a programme on last night called "50 worst predictions" as that one could have made the list lol.
Best Regards
GRim
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Re: Trading
16-Aug-07 11:47 AM
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I don't blame you for keeping your money safe Grim. I've got loads in the market but can just wait with it until it's all over. Still a few ups and downs along the way but I'm really hoping we're coming to the end of it all and the panic stops. Just 2 or 3 days of consolidation would be a starting point for a bit of a recovery but the banks are going to take a long time to recover from this, to get back to their peaks. Some excellent prices but this is where the traders who have held out will come in. They'll be buying and selling so the market won't just leap straight back up. It's going to take time but it's just a case of waiting for me now. I have a little money that I'm going to 'play' with but I'm waiting for a definite and sustained turn upwards now! It's anyone's guess when that's going to happen. Like I said, just when you think it's safe...... lolol.
Moon
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Re: Trading
16-Aug-07 12:19 PM
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Just noticed in all this carnage, Grim. UU.L. What a star!!! lolol.
See our MRP might have a little run up from now on as well. If I could just get out even on that, I'd be happy. Still a way to go there though.
Moon
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Re: Trading
16-Aug-07 12:28 PM
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It's all completely out of control now Grim. It is these automatic trades kicking in just to sell everything. Totally ridiculous (unless you've kept all your money out of the market). It makes things worse now because the huge funds losses are mounting even more and it's just snowballing now. Unless someone steps in to stop all this, I can see it just disintegrating and the FTSE ending up @ 5000 for no good reason!! What started as a containable problem is quickly getting way out of control!!
Moon
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Re: Trading
16-Aug-07 12:49 PM
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God Moonfleet - How long would it take to recover from 5000 do you think? More to the point, are you now considering bailing or just toughing it out for however long? Doe disintergration constitute a full blown collapse? All these questions & more in the next episode of FTSE 100.
I am getting more & more concerned here....
It's only money though, & as people say, at least we've got our elf
All the best GRim
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Re: Trading
22-Aug-07 09:39 PM
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Hello Grim - a good finish to the Dow this evening so that stands us in good stead for tomorrow. We are in dangerous territory now again though Grim. Bad news is seeping through again about sub prime problems and more mortgage lenders closing, people losing jobs etc. The markets are all hyped up at the moment on speculation of a rate cut by the FED but they'll only do that as a last resort and in order to help the markets out of the turmoil they're in, if they are in dire straights and bad enough to affect the economy. The markets have calmed now and going back up pretty well, albeit on speculation, and the FED must be thinking there won't be any need to cut rates as things stand now. Someone's going to say this in the press and the markets are going to drop again!! I don't think they'll go back to where they were last Friday but a couple of days drops will feel like it!! I could be wrong, as I was today because I thought there would be a pullback this afternoon, but the problems are still there and being masked at the moment by possible rate cuts. Time to be careful again Grim.
England are getting tanked by the Germans at the moment but at least it's a decent match for a change!! lol.
Enjoy your day tomorrow and no doubt a lay in is caled for. lolol
Moon
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Re: Trading
22-Aug-07 11:39 PM
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Hi Moon - I always try & be careful, but rarely achieve it lol. The Dow helped us today, but a snake is still a snake, even if it hasn't bitten us yet. I take your point on rate cut sentiments, any bit of news perceived as negative, & all hell breaks loose. Could be selling time for a few holdings by the time I get up tomorrow lol. Especially WNG, I might have really pushed my luck on that one. I did not see it go up to 34p today until after the event, so if I get 31p tomorrow, I'll count myself fortunate.
I didn't watch the England game tonight, but judging by the result, it was a good decision. You know how I feel about those Germans Moon lol. I'll start concentrating on the Rugby World Cup soon. Germans are $%^& at that. Will you take much of an interest in that? I'll never forget THAT Johnny Wilkinson drop goal, up there with Geoff Hurst for me, & every minute that Graeme Le Saux spent in an England shirt obviously.
DOn't know if you're still up & moving about Moon, but I'm going to see how other markets are going for clues. Hoping for some good Fijian futures.
All the best
GRim
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Re: Trading
23-Aug-07 07:59 AM
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Hello Grim - bet you're still in bed!! Asleep. Come on, wake up!!! A busy day ahead on the share front. lolol.
Looks like it's going to be a very good day today Grim. If there's a big shoot up to something like 4% on any shares I've got, then that's a sell sign to me. lol. It's all come back far too fast for my liking and people are going to be thinking of selling and once that happens it might be mistaken for panic selling again!
It's amazing when you can see a share price 'spike' and I've seen it happen a few times. WNG just happened to jump while I was looking at them! Of course, there's the famous SVT jump and I don't think I'll ever see anything like that again. Even though I got 1380p for it I'm still furious I didn't sell @ 1425p. lolol. It was like missing an open goal.
Talking of missing open goals. There were a few missed by England last night. Useless lot!! No, they did ok really but we just don't like beating the Germans at football though. Must be against our religion! lol.
I do like the Rugby Union Grim. It's such a hard game and great to watch. There's no harder men than Rugby players, I can tell you. I used to play football with a rugby player and he used to take some right good kickings and he never flinched. I used to take a box of hankies on the pitch when I played. lololol. Was always laddering me tights as well when those tackles came in. lololololol.
Anyway, here we go. Opening time!!
Good luck.
Moon
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Re: Trading
23-Aug-07 08:59 AM
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I've been on a selling spree Grim. Still plenty to get through though!! lolol. NRK was an incredible jump. Got 764p but were over 772p at one point. That's 6% up for the day!!!
WNG 30.75 to sell.
Moon
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Re: Trading
23-Aug-07 09:07 AM
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Hi Moon - literally just woke up, coffee in hand, & typing one handed. Life on the edge eh? lol
I am just going to look at a bit of selling to get some profits, as RBS looking good, NRK looking great etc etc. I know you will have banked some already & looking for your next buys already, so good luck.
Damn good drinkers rugby players, but they don't half have some weird party games. Spent one night drinking at the Jersey Rugby club out in the country, & found myself unconcious in a stairwell of of multi-storey car park in town. I never went back again to either lol. But that was about 3 hours wiped from my life, & I still don't know how I got from A to B & then back home. Not proud of that at all & I hate to think how many people saw me in that state. I am just glad all my clothes were still on & intact.
I'll be back soon
Best Regards
GRIm
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Re: Trading
23-Aug-07 10:26 AM
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Hi Moon
Quick up date on a frenzied sell-a-thon, well by my standards anyway lol.
WNG @ 30.25p
NRK @ £7.67 ( only that last batch)
RBS @ £6.00
I should have sold HAWK as well @ 41p but it is too late, so I am looking to buy some more if it drops further. Do I need counselling?
Hope you are winning Moon
All the best
GRim
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Re: Trading
23-Aug-07 12:03 PM
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He, he. Some nice profits there Grim. Just have to keep a close eye now. The Dow is expected to open higher but I've got a nasty feeling we're going to see a pullback later. It's all over the American financial news that the FED want to avoid a rate cut at all costs. A rate cut will be bad for their economy at the moment and most people are saying it should wait until November. It's not going to go down too well that one Grim. It wouldn't surprise me if the bigger players on the market didn't force this down again in order to 'convince' the FED to cut the rates early. It's all speculation and gambling now, Grim, because the sub prime problems are still there. Everyone's concentrating on the rate cut but if it doesn't happen.......
I've done well today. I've sold my SVT, some GSK, some IHG and some NRK today and have my eye on selling all of my ITV at the moment. If it can just get to 110p, it's gone!!! lolol.
Maybe with the Dow opening it'll go up a little. Hopefully. lol.
Good luck with your HAWK. It seems to be on a run again.
Moon
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Re: Trading
23-Aug-07 03:32 PM
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Hi Moon - Looking good on your profits as well. How are we looking on the braveometer now ?
The Dow is looking very stagnant along with the rest of the market, which, to be honest, I'm glad to have some respite just to catch my breath. having said that, I'm getting more & more tempted by Persimmon with each passing session. A good drop today so far, & with it going ex-divi next Wednesday, well it's making mind up time.
Here's hoping for your ITV sell price Moon. I'm just looking at prices as I write this, & it looks like stocks are generally easing off day's highs. Keeping a very watchful eye now.
Good luck, I'm off for some prices on buying RBS/HAWK/PSN & Uncle Tom Cobbly & all....
All the best
GRIm
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Re: Trading
23-Aug-07 04:44 PM
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.....so in the end I just ended up selling Centrom (CET) just out of sheer boredom. The price hadn't moved since I bought it so I thought I could put it to better use elsewhere. How did you get on Moon? Didn't look like much going on, but I hope you trousered some profits somewhere.
Were you tempted by RBS? I almost hit the buy button when I saw £5.81, but to make a profit, I realistically need about £5.65 for my 500 shares.
Hey, just realised your weekend starts now as well, join the club he he. Did some lunch today, but got drenched in the process. Not bothered , it rains, I get wet, I get a haircut, Though I must admit this weather is causing a lot of haircuts this year lol. Now my hair is so short, if the sun does show up, I'll get my head sunburnt. Red & skinhead looks great lolol.
All the best
GRim
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Re: Trading
15-Sep-07 07:00 PM
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Hello again Grim - takeover talk is building up in the press now. Credit Suisse has mentioned a potential target price between 500p and 535p. It could be a starting point for a few bidders. If there's enought bidding, hopefully we could get 600p out of it. A huge loss for me but it would be better than losing the lot!! Would wipe out this years profits plus the last 2 years! Never again will I put so much in one share, no matter how 'safe' it's meant to be.
Moon
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Re: Trading
15-Sep-07 10:40 PM
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Hi Moon - Cheers for NRK updates. To be honest I've given up watching share stuff for today, & just concentrated on sport as a diversion. Otherwise, I'd go mad what with being chained to the sofa, metaphorically speaking. Likewise though on having so much in 1 stock. I don't feel like owning any stocks at this point.
Wales looked good against 13 man Australia, but darn sight better than Ireland (just finished). Looks like an all Southern hemisphere final to me. I know, I'll bet my NRK shares on that. I told my wife about the loss I'm holding Moon, went down like a turd in a water strike. Apologies for the crudeness, but it matches the mood.
Keeping fingers crossed for bidding war. Time to watch Papillon. Now that guy looks like he had it hard. Perhaps it will give a different perspective, or a clue on how to defraud some French government bearer bonds lol. Are you in?
All the best
GRim
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Re: Trading
16-Sep-07 08:57 AM
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Hello Grim - hope your wife didn't beat you up too much. lol. I've just read this morning that a LLOY takeover of NRK was blocked and that's why they had to turn to the BoE for the funding. LLOY were the last chance of avoiding that. The $%^&s! Now they're saying that NRK is best off being taken over! Why didn't they just let it go ahead in the first place!
I just don't think it looks good at all Grim. If it wasn't for the divi next week, I'd be tempted to sell tomorrow just after opening. There's an article in the times advising people just to sell. That doesn't bode very well with papers coming out with that. People will just follow what the times say, no matter what. I'm just hoping that the big players can see the credit market easing and think that things will get slightly better for NRK until a buyer is in place with possibly for a 550p - 600p buyout. They are going to be awful losses for me Grim. I'm going to play safe now and any profits I get from anywhere is going into my bank account, for the interest rate. No more money into the markets for me until things improve. I can just see everything deteriorating from Wednesday onwards, generally. Lean times ahead I think.
I'm at home today, just pottering about but through my ladyfriends from this afternoon, hopefully finishing her garden off!!! (There's not much to do now) lol
Enjoy your gay Grim
Moon
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Re: Trading
16-Sep-07 12:30 PM
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I've been doing more reading Grim and it looks really bad if you ask me. They're talking about breaking up the company and selling it to the big four banks. The shareholders will get very little from that. Another option is for it to go into administration and be nationalised. We'll get nothing then. The papers are also talking about a possible suspension of shares if they tumble in the first couple of hours. That would be disaster. I think I'm just going to sell Grim. I'll see how it goes at the off and if it looks like it's going to tank, I'll have done with it. I've worked it out that if I get the price it is now, which I don't think I will, I'll take a £22,000 loss. Absolutely ridiculous of me to be in that position and I know that it'll never happen again. I had far too much money in NRK and looking back, to keep buying from £10 down to £4.34 was madness! It'll be a very expensive lesson to learn but maybe it'll make me think more about what I'm doing instead of just throwing money at a losing share.
Don't let me influence your thinking Grim. If you really feel that the share is worth holding onto, then go with it. I've made many mistsakes in the past and selling up might just be another big mistake I'm making. If you read the boards, which I'm certain you will have, there are people for holding the share and people for selling the share. The thing that's really influenced me this weekend is the fact that the CEO of NRK has said that the brand name is doomed, he knows that it will be a struggle to continue as an independent company and that the company will have to reduce it's operations if it survives as an independent company. That looks like less revenue, less profits, smaller or no dividend and a decreasing share price. If someone does manage to take it over, I bet it won't be for much more than the share price is now. What I'll do, is buy into the company that takes over NRK because they're going to get it cheap and get the big profits to go with it.
Anyway, plenty of grim reading this weekend and no doubt more to come out.
Good luck with whatever you decide to do.
Moon
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Re: Trading
16-Sep-07 06:24 PM
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Hi Moon - I've stayed away from the boards today to do some careful considering. I have independantly come to the same conclusion to sell up right at the off & never look back. If I get £3.50, I'll be considering that "lucky", meaning I'll take approx £7500 loss. I am truly sorry for your loss of £22,000, & wish we were both not in this situation of having to make these horrible decisions. My main influence is the fact that a rescue bid by Lloyds was rejected by whoever on Thursday, & i don't think NRK can recover in any shape or form, other than a break up.
So I'll be up early in the morning to put a sell on this, & RBS @ £5.10, IHG @ £9.50, BP @ £5.60, WLW @ whatever the hell it is, leaving me just HAWK. I can't justify to myself or anyone a year loss of £10,000, with the possibilities of that getting even worse. You probably think I'm over-reacting here, & to a certain degree you are right, if you compare that I held LLOY for 5 years, with the paper loss standing at £23,000 at one stage. But it is the way I feel & will probably be quite a while before I'm tempted (if ever!) to deal again.
How do you feel about your other stocks Moon? I think you have got more balls & savvy than I could hope to have, & be able to trade your way out of this position in time. I also wish you huge luck however you decide to proceed.
On a separate note, you know that investment I mentioned with my brother's bank. Well I've decided to put into that, let his manager's have the stress of it all lol. Even if it stands still for the next 5 years, they'll be doing better than me.
Well, all the best for tomorrow mate. Just for the record, I am dreading Monday, more than I did Friday's hospital day.
Bloody Hell
GRim
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Re: Trading
16-Sep-07 07:30 PM
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Yes Grim, I feel the same as you. I would think quite a lot of people who hold NRK shares are feeling the same at this moment in time. If I sold up all my shares though, as they stand at the moment, the losses would be colossal for me. I have some quality shares, the same as you have and over time I think they'll do well but for the immediate future, I'm just sticking with what I have and running with my paper losses. RBS/IHG/BARC/BP will come good eventually but as for the rest, they'll just sit there. At least most of the others I have pay a dividend so I'm hoping for better times. I've had a few bad trades this year but up to the NRK fiasco I was still up and doing well but this has knocked me for six. I've certainly learnt my lesson with NRK and looking at a loss of between £22,000 and £25,000 is not very pleasant at all but at least it will be a weight off my shoulders and will release up between £20,000 and £25,000 which I'm going to put straight into my high rate interest account with HBOS. If they go the way of NRK I'll be straight down that branch, kicking the door in. lol
I still have money for trading but my trading is going to be scaled back for now. I think we're coming into a very dark period so will just be looking at certain trades in quality shares and not looking for the daily trade and averaging down when it doesn't make a profit, which is the mistake I've made with NRK (and to a lesser degree with RBS/BARC/IHG).
It's going to take me a couple of years to recover from this but feel I can do it. I've had 6 good years up to now so was due a bad one!!
Your plan to put your money into the investment plan with your brother's bank will work out well for you. These people know what they're doing so like you say, let them have the stress. lolol.
I'm not looking forward to tomorrow either Grim. The sad thing is, I can see the market maybe traeding water and a big rise on Tuesday with the FED rate cut. Unfortunately, none of that is going to help NRK. It won't matter anyway. They'll be long gone for me!!
Good luck in biting the bullet tomorrow.
Moon
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Re: Trading
16-Sep-07 11:16 PM
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Hi Moon - I've bitten the bullet tonight & put sell prices on ready for tomorrow. Very best of luck in doing whatever you've got to do. You will make back these losses! It is not a question of if, only when. As you say, 1 bad year out of 7 speaks for itself, a damn good pinch-hitting ratio as those lovely Yanks would say. I wasn't keen on them before, as you know, but even less so now, after their sub-prime fiasco started the ball rolling downhill.
It is not the same for me, unfortunately. I have rolled from one bad investment to another, it would seem. So tomorrow, I take the money & limp to my HSBC internet bank account, & just keep earning some solid interest. At least we have money still to put in our savings accounts. Some poor folk might not even get that.
Leonard Cohen is singing at me again Moon. He is duetting with the Fat Lady on the next track
All the very best to you
GRim
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Re: Trading
17-Sep-07 08:12 AM
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It's bad Grim - 230p to sell. The games over I think. I can't get in to sell so will just have to ride it out. I only hope you've salvaged something out of this mess.
Moon
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Re: Trading
10-Oct-07 01:53 PM
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He, he. It's all going wrong today, Grim PSN suddenly jumped so stopped me out, RIO has gone up and not stopped so stopped me out, I sold ny NRK far, far too early. Only needs the FTSE to jump up and that's it!! lolol A complete loss for the day. I expect that some days though Grim so I'll just have to settle down again and do some better picking.
Moon
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Re: Trading
10-Oct-07 03:12 PM
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Hi moon - At least those stop losses are saving you getting an absolute spanking, they are worth their weight in gold.
NRK is just getting me staring at the screen in disbelief. It seems I played my gambit a week early, buying them @ £1.50 before losing even more to sell @ £1.30. Easy with 20:20 hindsight, but I am kicking myself that I in effect did it a day early. Potentially should have bought @ £1.25 & sold today @ £2.90 & that would have been loss cleared. BLAST & DAMNIT lolol. Now to invent that time machine & rectify yet another dealing mistake lol.
Ever get the feeling someone else aaprt from us is making an absolute killing?
Hope you've managed to settle down now.
All the best
GRim
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Re: Trading
10-Oct-07 05:49 PM
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Yes, Grim, it's a tough call with NRK. I just don't have the courage to hold onto them. There's still nothing definite to say they can carry on as they are so it's still all uncertain. Funds have bought in but its short change to them. Just a little gamble. It's very frustrating seeing them going up as they are tough.
I've had a bad day. I've been fighting the market and that's not the way. Shorted RIO 3 times and stopped out every time! I'll have to go with what I see and not what I think. lol. Bet RIO is a dead cert for a short tomorrow. lolol. We'll have to see what NRK brings. Hope not another 25% increase.
Moon
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Re: Trading
10-Oct-07 08:58 PM
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Hi Moon - I can't bring myself to hold NRK either, on calm reflection. No more mention of it from me, the risk of losing more is too great. Hedges are just muddying the waters by playing about with it, as the fundamental problems with the business model haven't just gone away.
Bad luck on RIO, I guess it just happens like that some days, but I'm sure you'll get far more good days than bad. Talking of miners, I picked up the following on Aussie stocks: "Heavy demand for iron ore to make steel means that miners such as BHP Billiton and Rio Tinto are expected to win 30% price increases in annual talks with Chinese steelmakers this year. China will need enough ore to make enough steel to build high-rise apartments for 19 million new urban immigrants, make 8.5m cars, complete 17 major city airports and roll out tens of thousands of kilometers of railways, tunnels, bridges and elevated highways.” That’s a set of very reassuring statistics for miners. But it’s also good news for Australians – the country exports more coal and iron ore than any other country, which is nice to know at a time when the shadow of the credit crunch hangs heavy over most developed economies.
I am going to check out more on this & just try a little in the Aussie market.
All the best
GRim
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Re: Trading
11-Oct-07 07:53 AM
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Hello Grim - yes, miners are good if you catch them right. RIO caught me out 3 times yesterday (and others). It was just a completely bad day for me and I just couldn't make a right decision. I think I'll just have to be more careful and look at things more with regards to info. I'm just diving in at the moment but really should be treating this as if I was buying 'normal' shares and research a bit more on the day.
NRK has just about got me beaten Grim but I'm really not going to waste anymore time worrying about itt. That money has gone and I'll have to make money on 'safer' shares, when the drop comes. Wish it would hurry up.lol. Don't know what I'm backing today, if anything!! My last day at work today, so it's not all bad. lolol
Moon
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Re: Trading
11-Oct-07 11:58 AM
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Hi Moon - With this miners thing, I'm just looking to put in £500 in Aussie BHP as a long term punt, just to see what happens, & expand my horizons. I did hold one before back in 1987 called Burmine Ltd, & it went tits up, so looking to improve my record there lol. Just a bit of fun really.
Have you speculated today or are you on the investigation trail? FTSE going well again, but this surely can't last. Need some more bad economy figures or the credit crunch phrase to be wheeled out again to give it a good sorting.
Still nothing from iii for me. I will phone them tomorrow if I am still not set up. I am not a victim (repeat 10 times to reassure), but as long as I am set up to short the drops when they come, I am not too concerned. Might be something to christen the new office with, until I have made enough to smash some champagne on the door to launch it lol.
hope you're going well
GRim
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Re: Trading
11-Oct-07 12:13 PM
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I was just going to send a message to you saying that no way can the markets keep going like this. It's impossible. lolol. I've just shorted ANTO for a bit of a pullback and shorted KGF as well. I've gone £10 a point on them and if they start going down more over the next few day's, I'll up the stake a bit more. Would like to see them drift to 180. Have a stop loss @ 197 and bought @ 190.7. Gone long for RBS as well @ 549. Will keep those positions open as well for a few days hopefully with maybe some increases in my winning bets! Didn't get on the RIO rocket today and should have but there you go. Was a bit scared after yesterday. lol. Bet you can't wait to get going with iii. Can be a good feeling when you see your money ticking up but buttock clenching when you see it flying down. lololol. You'll see what I mean soon. lol
Moon
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