Crazy MBNA offer

TTMCMschine

Quick update:

Now £1.26 per share giving 15100 * 126 = £19026 or a 90% increase thus far.

Not long to go until it's doubled

:)Happy days:)

:)Merry Christmas:)

Timmne

Ha!! I love reading these great success stories, until I realise that if we'd have all done the same offer, we may not have signatures like mine (see below)!!

WELL DONE TTMCMschine!! Very pleased for you. Meerrrrry Christmas!

jamescredmond

yes! well done, man. even if I had your bottle to excercise your (well calculated) risk I probably wouldn't have gone ahead.

a pleasant (and affluent) xmas.

regards.

TTMCMschine

Thankyou

Just lucky they didn't go the other way I suppose.

dunstonh

Borrowing to invest is called gearing and is very common with experienced investors. Indeed, many consumers do it without even realising it. How many of you have a mortgage but also have savings/investments?

Investments made in August are up quite a bit now as it was a good time to invest as there had been a correction a few months earlier. Going in after a correction is always a good time.

It certainly isnt something you would expect an individual with no investment experience to do and it shouldnt be encouraged for them. But experienced investors do it often.

ukdrummajor

got to say.........well done and good luck. I`ve had some 0% cheques like that in the past and never bothered with them. May re-think now! Def wouldn`t do shares as i`ve never understood them so will prob go down the stoozing route.

TTMCMschine

Character hadn't seen a correction. In fact they had increased by almost 30% shortly before I bought this lot, & I bought a substantial amount more at 75p - another 62,245 shares to be precise.

TTMCMschine

Quick update:

CCT ended on £1.34 today, so my 15,100 shares are now worth £20,234 or double the initial £10,000 taken on the 0% offer - whoohoo! Happy Days

incidentally, RCG which I originally purchased at 60p each have hit £1.20 over the last week or so - so they would have doubled too!

I'm sticking with CCT (I hold quite a few shares now in total - roughly 80,000 shares including my £275 spreadbet calculated into equivalent shares & have now made over £40K profit from them this year) but also have a small investment in Sareum (SAR) - just £2K bought at 1.05p - & results are out in a couple of days. I expect this one to do well too, if anyone is interested in watching

GunJack

TTMCM - well done and good luck to you. Sorry if this is stating the obvious, but remember to sell before the price drops too much, shame to waste all that potential* profit...

* 'coz it's still only on paper until the moment you sell them !!

TTMCMschine

I'll sell them once they get past £2.25 - don't want to lose any of those potential profits