UK Stockmarket 2009 and beyond

tonygee_3

Incidentally has anybody owned and sold(early) a share/investment that then rocketed??
I bought 12K of ICI in '02.It fell to 83p I bought in at 89 but it fell back to 83!!
I was 1k down in 2 hours so when it went to 90p I sold out.A few years later it was bought out for £6.50(7x) £84K:rolleyes:
It is poss we could be sitting on a' rocket' now time will tell but I tend to sell out when I double my cash(too cautious)

tonygee_3

Re 888 (still holding) gambling shares did well in last recession,however there is masses of competition this time around.888 might tick a bit lower,gone ex div today,but seems to have missed rally would expect 115 when sentiment returns.This would rocket,though if US relaxes laws.Like LAD and hopefully get back in @ 1.70

uk_steve

***tonygee***Incidentally has anybody owned and sold(early) a share/investment that then rocketed??



Yeah i have done that myself Tony a few times since i have been at it this year

good example was actually

QED had a 2k holding of 9.996 a share sold for 37.1 per share

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YELL had a 4k holding at 14.4 ish sold for 24.53

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i dont know but i did have this 1 as well but to my horror i see it go up pass a £11 a share a week or so later after i sold it

WOS 2k holding at 135.59 sold @ 154.11

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LLOY @ 40.9 a share sold @ 47.35

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tonygee_3

Best of luck with those,steve,if the dash for dross continues you should do well with those,but best to buy them on a down day,dont get carried away with the madness.If/when market turns these get hit the hardest

uk_steve

gosh here is another

SGRO 2K holding at 22.72 sold at 24.79


but on the whole i dont look at it as mistakes i look at it as learning

but dam yeah it does make you think only IF i held them to now he!he!

tonygee_3

Dont worry too much about WOS,it did some consolidation ,although you would have doubled or trebled if still holding.
Rather confusing all this RI/consolidation when looking at charts
MEC also did a 1:100 after RI,the chart makes for a spectacular rise!!

SGRO did something similar(again you would have double or trebled though)Hindsight is a wonderful thing,perhaps theyll be as cheap in the future

sabretoothtigger

Some political risk in 888 then! I did hear they want to reintroduce online gambling just because the government needs the tax revenue or something so maybe some congress bill is tabled, I dont know

They are acting very strongly, anyone who bought yesterday morning gained a 4% div for no cost so far. Im going to bet they continue that trend from here

I would only buy them if they had fallen back further ironically, like your ici shares there I guess but its so hard to judge when the price is cheap not weakness.


I try to scale in and out of shares so long as I still like them. I sold Tate and barclays too early recently but I still own a bit, if I had held more it would have been much better but I estimated them wrong.
Barclays because of lehmans (ive no idea on their subprime worth but one should offset the other and that was enough reason to hold) and tate had a commodity squeeze which is the whole reason I have so many commodity shares, a long term view I sold too quick and my trailing stop was crap and kicked in too early so a lesson learnt, keep stops loose on shares I like

The bit I still own is just a long term ticket in case they do like you mention, take off upwards which if its a good company is always possible. Also it reminds me to consider them again if they fall for some reason, keeps me in the game in my mind if not the wallet so much


Kaz is up 20% in the last 5 days on top similar gains ever since the year start really. Should have just bought even more of this every time it rose but how can I know this :doh:

uk_steve

tonygee wrote: »

Dont worry too much about WOS,it did some consolidation ,although you would have doubled or trebled if still holding.
Rather confusing all this RI/consolidation when looking at charts
MEC also did a 1:100 after RI,the chart makes for a spectacular rise!!

oh i see i did wonder if that may have been the case;)

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mind you i did keep something hush human nature
with Bad News to strangers i surpose

(i have written off my purchase with the company below)

i did/still have a holding with CTT mad thing is on my holding i was making a profit of 65% which still shows on selftrade as profit

boo hoo that made me learn quickly:eek:


that was the shake up point for me to look what i was doing more deeper instead of how cheap the price looks without the reason why!


hence why afterwards i started to sell shares at a lost if i got nervious holding them

tonygee_3

No real risk in 888(except their results didnt impress)Just big rewards if allowed into USA.As I pointed out theyve effectively missed this rally.Id rather buy something like these than shares that have gone up 5 fold.

tonygee_3

Thats always the risk steve,I lost 90% of 5K in AMEY in '02.
Lucky really cos in them days I used to punt with 50K at a time!!
On that occassion I played only the 5k(phew) I was actually up 10% in an hour but let it ride:mad:
Thats why I now keep stakes low(you can always add )and buy lots of different shares so spreading risks

We all live and learn