The sell in May challenge

Glastoun

I've only just worked out that when the online spreadsheet shows a negative red figure, that actually means the share price has risen, not dropped. So rather than being in second place, I'm actually second from last.

I'm not sure I should be trusted with money.

IronWolf

Hows everyones short doing? Im up about 25% so far, still hoping it goes belly up before september for 100% though

Edit: Just saw the spreadsheet, make that 40% and Im in third place

https://docs.google.com/spreadsheet/pub?key=0AmC2e0ZRb74vdDJPbGJ0S1FMLVNIaDRZbnJweXFFU3c&output=html

Reaper

Oooh look - I'm winning! If only I could pick winners as well as I pick losers!

P.S. I just checked and there are still 6 brokers saying "strong buy", 5 saying "Neutral" and none saying sell.
Only today Canaccord Genuity reiterated their buy with a 40p target price, compared to their current 10p value. It just goes to show you should always take "expert" opinion with a big pinch of salt.

Unless they are right of course and huge profits can be made on the stock, but personally this is one falling knife I have no inclination to catch.

sabretoothtigger

Reaper I bought your share recently, they just got a new mine license for that useless rock

Lloyds is up 10% so I was slightly wrong but I own them so Anything in the ftse is helped by a very jubilant market, Im totally certain we will have storm clouds though. If we do have higher rates of employment then great but I think the road is rocky and still long to go

Im short SP500 and losing money because of it, but net long

Reaper

You bought them? That was brave. I lost 50% on them before bailing and they have kept falling ever since.

At some point market sentiment may favour junior gold miners/exporers, but I don't think that time has arrived yet. With little prospect of raising further funds from the market I think many may go bust. Amara Mining got money from Samsung so at least their finances are not as bad as some. I wish you luck but contrarian as I am it is step too far for me to dive back in, for now at least.

Shaolin_Monkey

Was right initially with HOIL as it fell a bit further than the market as a whole, but a recent jump in the price has undone the "gains" and more.

Thrugelmir

6.92% loss on Shanks. Expecting next set of trading results to be disappointing. So hopefully further to fall.

Shaolin_Monkey

I think some of the examples in this thread at least highlight the very high risk involved with short selling. Was just re-sorting the spreadsheet (it having slipped my mind for a while) and noticed what has happened to CPP!

https://docs.google.com/spreadsheet/pub?key=0AmC2e0ZRb74vdDJPbGJ0S1FMLVNIaDRZbnJweXFFU3c&output=html

gadgetmind

Surely there must have been a consolidation or something?

IronWolf

omg !!!!!! happened to CPP lol.

This is why I never short, I'm down 510%!

The only thing I can find is that it secured a new bank loan to pay all the compo claims against it. I still cant see how it can make enough money to pay off these loans in the future.

But unless they go bankrupt in the next month looks like I'm onto a loser here