Share dealing help????? want to buy and sell asap

foxyuk

who would you recomend to use on a short term basis.??..... want to buy some shares to level off my outlay i have had for 3 years in this company

need a reliable company that dont mess about

At mo im in for £2500 i need £4.60 to break even was £3.20 till 2 weeks ago now.. as below!!!!!.if i buy another 2000 shares at 5k my outlay will be £7.5k total of 2533 shares so average will be 2.94 rather than £4.60 as i stand now

ANY HELP APPRECIATED

DATACASH
Bid222.00Ask249.25Price


243.75

foxyuk

bump//////////

Blah99

Averaging down is not a good idea, unless you know exactly what you're doing and why you're doing it. No offence, but it sounds like you don't - it sounds like you're in a classic knee-jerk "ride it down" reaction, where you're emotionally invested in a share because you've lost a lot of money. That's why you need trailing stops etc.

I took a quick look at this (assuming epic is DATA), there's a lot of positive noise about it on the boards but the PE ratio is utterly insane. And looking at the chart, if you've held this share for 3 years you're looking at about a 150% return, so why not just sell out, take profit and buy back in if the momentum changes?

Anyway to answer your question I use III.co.uk, or IG Index. I can't really remember the sign up process but I'm pretty sure both required forms & ID to be sent in and a credit check to be completed. So you won't be able to do anything "quick".

Why can't you use your existing account?

foxyuk

Blah99 wrote: »

Averaging down is not a good idea, unless you know exactly what you're doing and why you're doing it. No offence, but it sounds like you don't - it sounds like you're in a classic knee-jerk "ride it down" reaction, where you're emotionally invested in a share because you've lost a lot of money. That's why you need trailing stops etc.

I took a quick look at this (assuming epic is DATA), there's a lot of positive noise about it on the boards but the PE ratio is utterly insane. And looking at the chart, if you've held this share for 3 years you're looking at about a 150% return, so why not just sell out, take profit and buy back in if the momentum changes?

Anyway to answer your question I use III.co.uk, or IG Index. I can't really remember the sign up process but I'm pretty sure both required forms & ID to be sent in and a credit check to be completed. So you won't be able to do anything "quick".

Why can't you use your existing account?

hi mate i am at a big loss........... shares were consolidated prev was auxinet before that mo only have 533 shares for £2500 so down 50%

Blah99

foxyuk wrote: »

hi mate i am at a big loss........... shares were consolidated prev was auxinet before that mo only have 533 shares for £2500 so down 50%

I'm confused. £2500 / 533 gives 469p a share (ignoring fees etc), but looking at the charts DATA price has never gone above about 330p...

Looks like Auxinet was the product of a reverse takeover by DataCash of CES, but this happened way back in 2001, well before your "3 years in"

How about you start again from scratch and explain how you got to where you are

foxyuk

Blah99 wrote: »

I'm confused. £2500 / 533 gives 469p a share (ignoring fees etc), but looking at the charts DATA price has never gone above about 330p...

Looks like Auxinet was the product of a reverse takeover by DataCash of CES, but this happened way back in 2001, well before your "3 years in"

How about you start again from scratch and explain how you got to where you are

the years fly in.......

i bought originally when it was corp exec spent £2500....... now i only have 533 shares in datacash (aux cert still valid) for me to get my money back i need this share to reach £4.69 per share.....

I thought that if i spent £5000 in more shares taking stake up to 2533 shares i only need it to reach short of the £3 mark then get out

Blah99

foxyuk wrote: »

the years fly in.......

i bought originally when it was corp exec spent £2500....... now i only have 533 shares in datacash (aux cert still valid) for me to get my money back i need this share to reach £4.69 per share.....

I thought that if i spent £5000 in more shares taking stake up to 2533 shares i only need it to reach short of the £3 mark then get out

Assuming your maths is correct then yes, this will work, but it's called "averaging down" and it's a bad idea. You are potentially throwing good money after bad - if the price goes up then you're ok, but if the price goes down you're compounding your losses.

You should start again from scratch with Datacash. Look at the share, look at the chart, look at the fundamentals and decide whether it represents a good buy at its current touch. If it does, buy in and be happy you're doing it for the right reasons. If it doesn't, don't buy in and give serious consideration to selling your existing holding as a stop loss.

You also mention "aux cert", do you mean you hold a physical certificate for your auxinet shares and you don't actually have the Datacash shares in a nominee account? If so then you've got a whole other bunch of problems to fix first...

sabretoothtigger

Its a risky idea unless you fully understand why they fall and future prospects for any rise. Its 50/50 wether the market dives or rises at present I reckon.
Another option is to sell and rebuy the same shares at a cheaper price, the risk being you lock in the losses and never gain a chance to buy at the lower price however you wont be risking further capital


Theres also value averaging which involves trading both ways according to your estimated target price for that company
http://www.investopedia.com/articles/stocks/07/DCAvsVA.asp

foxyuk

Blah99 wrote: »

Assuming your maths is correct then yes, this will work, but it's called "averaging down" and it's a bad idea. You are potentially throwing good money after bad - if the price goes up then you're ok, but if the price goes down you're compounding your losses.

You should start again from scratch with Datacash. Look at the share, look at the chart, look at the fundamentals and decide whether it represents a good buy at its current touch. If it does, buy in and be happy you're doing it for the right reasons. If it doesn't, don't buy in and give serious consideration to selling your existing holding as a stop loss.

You also mention "aux cert", do you mean you hold a physical certificate for your auxinet shares and you don't actually have the Datacash shares in a nominee account? If so then you've got a whole other bunch of problems to fix first...

yes i have a physical auxinet share certificate. i have checked with the registrars and it is still valid......

when you say putting datacash in nominee account please adv??? should i appoint a broker and put them in there name?

Blah99

foxyuk wrote: »

yes i have a physical auxinet share certificate. i have checked with the registrars and it is still valid......

when you say putting datacash in nominee account please adv??? should i appoint a broker and put them in there name?

To "use" the shares you have (ie: be able to sell them etc) your best move is to open a trading account with a standard online broker. You'll then need to go and get a crest share transfer form, fill it out then ask your broker what to do with it (probably send it to them with the auxinet certificate and wait a while until it appears in your nominee account).

Problem is I can't find any valid epic code for auxinet - it appears to have been AUX, but that's been deregistered. So I assume there's some mechanism for awarding you your shares in datacash but I've never been in your position (physical certs for a taken-over company) so can't help you.

ffs

Can anyone help me find out share price history for Auxinet in April 2001

Many thanks