Lost £570 this year in L&G - what to do?

blinko

Credit-Crunched wrote: »

Another perspective for you, my speculative oil shares have gone from 2k to 14k to 6k in 12 months!

Now that's a plummet, and a rocket and a balance out and a....

Stoploss ??????

Also can I ask what on earth have you traded in to make 700% in 12 months??

to the OP you learnt a valuable lesson here for an incrediblly cheap price. -1.5% isn't much at all.

You now have the choice to either go back into the market with the knowledge you have gained or avoid it and stick to the safety of savings accounts etc

Archergirl

You haven't lost anything until you cash it in, don't panic Mr Mannering..........

sabretoothtigger

Indeed, horses for courses. I often sell but I aint got cash to spare, some do and little time to deliberate when to trade

XEL hit the 3-4p range!! So anyone who timed it right could have made 100 x their money between 2008 and 2011. I told you it had an exciting history!

http://www.spandy.org/2012/03/04/xcite-energy-the-return-of-bentley/

Is xcite a sell on that basis ?

Credit-Crunched

blinko wrote: »

Stoploss ??????

Also can I ask what on earth have you traded in to make 700% in 12 months??

to the OP you learnt a valuable lesson here for an incrediblly cheap price. -1.5% isn't much at all.

You now have the choice to either go back into the market with the knowledge you have gained or avoid it and stick to the safety of savings accounts etc

Stop loss on an AIM share is suicidal! MM take them to the cleaners on a regular basis so I just absorb any losses and day trade when I can

My gains have come from significant holdings in

RMP
RRL
MAGP

Credit-Crunched

brasso wrote: »

Just curious -- If 7x isn't a good enough reward, when will you sell these "speculative" shares?

I can understand how a x 7 increase would seem like a good out, however the logistics and potential behind these are treble that. They have a license to drill in Somalie (puntland) georgia and have an active well in texas.

IF, which is a big IF, they strike in Somalia then the 10 - 20p valuation they are currently operating at will be blown out of the water.

Before people think I am a mug, I have a degree in Civil Engineering and have reviwed the seismic data and RNS readings and the possibility of a SIGNIFICANT hydrocarbon presence is high due the type of rock bed it is sat on. Potetnially a HUGE bed of oil, however potentially a duster!

IMHO DYOR

sabretoothtigger

The best AIM stocks are like fairytales, just never know if you will get the pot of gold or eaten by the wolf
RRL does some normal production, its actually safer then most but could half anyway

Credit-Crunched

sabretoothtigger wrote: »

The best AIM stocks are like fairytales, just never know if you will get the pot of gold or eaten by the wolf
RRL does some normal production, its actually safer then most but could half anyway

or double!

Linton

Sabretooth - its a pretty map but the coast of Tanzania is over a 1000miles to the south. That's most of the way from London to Libya. So perhaps one needs to investigate a bit more before investing ones hard-earned.

Credit-Crunched

Linton wrote: »

Sabretooth - its a pretty map but the coast of Tanzania is over a 1000miles to the south. That's most of the way from London to Libya. So perhaps one needs to investigate a bit more before investing ones hard-earned.

Linton - maybe one needs to have more faith in ones ability . That pretty map has jsut made me about £5k. I hope sabretooth also invested

(RMP) Red Emperor Resources

Buy/Sell

33.62 +9.38 (37.69%)

Nine_Lives

There's a lot of typing going on so i don't know if you have answered this question as i've only skim read very fast.

Why are you investing? What is your goal? You reason for investing?

If you're so worried over the loss (not to say that you should OR shouldn't be) then maybe you should take a different path to reach your goals.