Interserve

capital0ne

I noticed Interserve shares dropped by 25p today to 65p - a year ago they were trading at £4ish.
Anyone think they may be a good pick for a recovery anytime soon, or are they a basket case going the way of Monarch a few weeks ago?

Anyone just sold out recently and escaped the latest tanking?

grey_gym_sock

you're thinking of buying a share because its price has fallen sharply over the last year? ... and yet you claim to believe in momentum investing?!

this is the exact opposite of momentum investing (which involves selling shares that have fallen and buying shares that have risen). if momentum investing works, then this approach fails.

a new investment strategy every few days is not a recipe for success.

Jeems

Never catch a falling knife

With individual share buying, you really need to analyse the company accounts and forecasts properly. Why did the shares drop? Was it a one off bad quarter or are there deeper, more underlying reasons? They announced a multi-million DWP contract today but you shouldn't buy on a whim.

Having said that, shares are up nearly 10% today so I hope you felt brave last night. But whether its just the market reacting to the sudden drop, or signs of an immediate recovery I dont know.

When Carillion dropped 70% in July, the price staged a mini recovery immediately (nearly 20% in a week) but as of today, it's trading even lower than it was in July

capital0ne

I do have a strategy and my ISA contains a nice balanced portfolio that I just leave well alone apart from an annual re-balance, in April, when I invest my full ISA allowance, i.e.£40k - doesn't everyone do that?

The queries and comments I make on momentum investing and buying shares that have bottomed out is just a bit of play money, about £10k I hold in DeGiro for a bit of fun, again doesn't everyone do that?

Anyway IRV are up at 73p now

Malthusian

No they don't. You have been watching too many bookies' adverts if you think that everybody finds it fun to lose money.

For 10k you could get a return flight to Las Vegas and be given free drinks by casino management and watch some shows while you blow the rest of it. That's still not my idea of fun but it's better than betting on lines on a graph.

capital0ne

Malthusian wrote: »

No they don't. You have been watching too many bookies' adverts if you think that everybody finds it fun to lose money.

For 10k you could get a return flight to Las Vegas and be given free drinks by casino management and watch some shows while you blow the rest of it. That's still not my idea of fun but it's better than betting on lines on a graph.

You could go to Vegas, I preferred Monte Carlo, combined it with the grand prix and a bit of fun gambling - it was okay, you should try it!