BTL, vile lowlife business, nobody wants to be living under their roofs

Graham_Devon

Cleaver wrote: »

Speaking of making money through not doing a lot, was anyone in XEL?

Me, on a play portfolio as I wanted to learn and play. :mad:

chucky

Graham_Devon wrote: »

As I said, the ones arguing with the OP using the same tactics will be the ones proving his point

yet another stupid comment - it's just like saying that the only ones that are arguing against BTL are the "have-nots" and the failures.

neither are true but at least it boosts the anti-btl spam post count by the lad from the village

Cleaver

Graham_Devon wrote: »

Me, on a play portfolio as I wanted to learn and play. :mad:

Well I guess you've learned some handy tips there!

It's very poor taste to brag about share victories. So I'll keep that in mind when I say that I invested a tidy sum at around the £1.50 mark and sold around half of it yesterday at around the £4 mark.

Do your own research, this isn't advice etc. etc. etc. but go and have a look at that share today Graham because I think there is plenty of upside to come. One of the main things I like about that company is a board of directors who seem to be very, very professional and also the small issue that they seem to be sitting on a f*ckload of oil.

I think the minimum we'll see in 2011/12 is a company producing a lot of oil and a share price of at least around £6 towards the end of the year (2011 mind, not 2010). If a bigger company comes in and buys XEL then I think we'll see share prices of £8+. It's currently around the £3.80 mark and I think that's great value for a company that seems to have very little risk attached to it and based on the news we've seen so far.

Graham_Devon

Cleaver wrote: »

Well I guess you've learned some handy tips there!

It's very poor taste to brag about share victories. So I'll keep that in mind when I say that I invested a tidy sum at around the £1.50 mark and sold around half of it yesterday at around the £4 mark.

Do your own research, this isn't advice etc. etc. etc. but go and have a look at that share today Graham because I think there is plenty of upside to come. One of the main things I like about that company is a board of directors who seem to be very, very professional and also the small issue that they seem to be sitting on a f*ckload of oil.

I think the minimum we'll see in 2011/12 is a company producing a lot of oil and a share price or around £6 towards the end of the year. If a bigger company comes in and buys XEL then I think we'll see share prices of £8+. It's currently around the £3.80 mark and I think that's great value for a company that seems to have very little risk attached to it.

Well done. I heard of someone who invested £400, in I think, Rio Tinto in 1995. Cashed it in this year for £720,000.

Anyway, I digress. What made you sell? Hit a target, or got plans for the money?

Certainly think theres more like you say in XEL. But I've risked enough for now with my very small amount of understanding currently. If XTR comes through, which I hope it does, should see me making more than I could in XEL right now. Could make 100% for instance in XEL, but with XTR, could make 100% several times over. Though the risk is obviously higher, I'm comfortable with that.....I think!

wotsthat

Graham_Devon wrote: »

Not blaming BTL for it all. But BTL has been a major part of speculation and ramping.

I'm not seeing this in the real world apart from a few isolated areas i.e. London for sure, some mention Cornwall as well

Graham_Devon wrote: »

Presumably someone thought it would be a good idea to give the poster I was speaking to earlier a second mortgage for a second home, though apparently she couldn't afford to rent. That's madness. The poster is now left with large debts and assets they can't release themselves of, hoping for more price rises, which will only trap more people. This is the craziness I'm talking about, that legislation would have held back slightly, IMO.

You can't legislate for everything. Luckily it's now the case that the bank wouldn't consider this loan anymore and, I'd hope, people are less inclined to overstretch themselves.

People always want more - it's human nature and they've been encouraged by a media encouraged sense of entitlement that they can have it all.

Cleaver

Graham_Devon wrote: »

Well done. I heard of someone who invested £400, in I think, Rio Tinto in 1995. Cashed it in this year for £720,000.

Anyway, I digress. What made you sell? Hit a target, or got plans for the money?

£4 was always my target price, but decided that there's still a lot of upside so kept some profit money in. We're going away for a few days after Christmas so some of the profit money will go on a bit of fun but the majority will be put in to my 'boring' portfolio to be invested in dull things that don't go up or down very much.

Graham_Devon wrote: »

Certainly think theres more like you say in XEL. But I've risked enough for now with my very small amount of understanding currently. If XTR comes through, which I hope it does, should see me making more than I could in XEL right now. Could make 100% for instance in XEL, but with XTR, could make 100% several times over. Though the risk is obviously higher, I'm comfortable with that.....I think!

I know nothing about XTR so I'll have a look at that today. Like I think I said the other day, I'm not expert on XEL, a lot of it is just luck. At the end of the day no one except a handful of people at the company had more than a hunch about whether there was oil there or not, and if yesterday's news had been poor then I wouldn't have made any profit. Having said that, there just seemed to be a swell of opinion that yesterday's news would be positive.

I'm sending you a PM of a post on a BB from an XEL investor that I found rather impressive.

wotsthat

Cleaver wrote: »

I think the minimum we'll see in 2011/12 is a company producing a lot of oil and a share price of at least around £6 towards the end of the year (2011 mind, not 2010). If a bigger company comes in and buys XEL then I think we'll see share prices of £8+. It's currently around the £3.80 mark and I think that's great value for a company that seems to have very little risk attached to it and based on the news we've seen so far.

Earth to Graham. Earth to Graham.

This bloke thinks the share price will be £6 in a year and possibly £8+ but he sold half his holding yesterday at £4.

Cleaver

wotsthat wrote: »

Earth to Graham. Earth to Graham.

This bloke thinks the share price will be £6 in a year and possibly £8+ but he sold half his holding yesterday at £4.

And I've explained quite clearly my reasons for doing that. People who buy shares generally set a target price and, in my opinion, decent investors stick to this target price and sell in a disciplined way when they hit it. I've left half my stake in, so although I've sold shares my remaining holding in XEL is still much larger in value than my initial purchase back in October.

I think Graham understands all this and is aware that I'm not trying to just ramp some share for no reason.

chucknorris

Cleaver wrote: »

And I've explained quite clearly my reasons for doing that. People who buy shares generally set a target price and, in my opinion, decent investors stick to this target price and sell in a disciplined way when they hit it. I've left half my stake in, so although I've sold shares my remaining holding in XEL is still much larger in value than my initial purchase back in October.

I think Graham understands all this and is aware that I'm not trying to just ramp some share for no reason.

It makes perfect sense to me, nobody ever went bust locking a profit in

Graham_Devon

Cleaver wrote: »

£4 was always my target price, but decided that there's still a lot of upside so kept some profit money in. We're going away for a few days after Christmas so some of the profit money will go on a bit of fun but the majority will be put in to my 'boring' portfolio to be invested in dull things that don't go up or down very much.



I know nothing about XTR so I'll have a look at that today. Like I think I said the other day, I'm not expert on XEL, a lot of it is just luck. At the end of the day no one except a handful of people at the company had more than a hunch about whether there was oil there or not, and if yesterday's news had been poor then I wouldn't have made any profit. Having said that, there just seemed to be a swell of opinion that yesterday's news would be positive.

I'm sending you a PM of a post on a BB from an XEL investor that I found rather impressive.

Wise move getting some fun out of the profits!!

I can't say I know XTR inside out, but I was looking to invest in 2-3 AIM companies, at low prices, hoping to do what I did with XEL in my fantasy portfolio. Spent a long time looking at various charts, companies etc etc, in the end had to plump for one, and like you say, it's mainly luck!!

In the end, I went with XTR basically because it's high risk, but also, high profitability if it pays off. Fingers in a few pies, and all that.

If I lose it, I lose it. However, my theory is the possible gains outweigh the risk (currently). And it's not a huge amount of money I have in.